Adam Gallistel Of CBRE Investment Management Acquires Belmont Distribution Center From Brian Kingston Of Brookfield Properties

The property asset involved in the transaction is the Belmont Distribution Center located at 17 Schoolhouse Road in Somerset. This industrial facility spans 200,000 square feet and features 40-foot clear heights and 46 loading positions, catering to multiple tenants. Built in 2023, the center is part of an active market for industrial properties.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Square Footage: 200,000
• Address: 17 Schoolhouse Road
• Market: Somerset
• Buyer: Adam Gallistel - CBRE Investment Management
• Seller: Brian Kingston - Brookfield Properties

Adam Gallistel represents CBRE Investment Management in the acquisition from Brian Kingston, who represents Brookfield Properties. This transaction highlights the ongoing activity in industrial real estate, with the facility being tailored for varied tenant requirements.