SOLDIndustrial
CBRE Investment Management Acquires 2.3 Million Square Foot Industrial Portfolio In Cranbury, Charlotte & Atlanta
Building Size
2,300,000 SF
Asset Type
Industrial
Closing
Aug 13, 2026
AI
The property asset involved in the transaction is a fully leased industrial portfolio covering a total of 2.3 million square feet, strategically located in central New Jersey, Charlotte, and Atlanta. The portfolio comprises six institutional-grade logistics properties featuring modern specifications and excellent access to major transportation hubs, which enhances the overall logistics capabilities in these core markets.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Total Square Footage: 2,300,000
- Location: Cranbury, Charlotte & Atlanta
- Buyer: Adam Gallistel & Andrew Glanzman
- Buyer’s Representative: CBRE Investment Management
- Notable Asset: Nearly 772,000 square feet in Cranbury
Key individuals involved in the deal include Adam Gallistel and Andrew Glanzman, who represented CBRE Investment Management in the acquisition. The transaction was conducted on behalf of a separate account client, strengthening the firm's logistics platform in targeted markets.
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93