Updated Aug 13, 2026
Hartz Mountain Industries Acquires Industrial Asset From PGIM Real Estate For $139 Million
10506 Bryton Corporate Center Drive
$139,000,000
Units
700,005
Asset Type
Industrial
Closing
Feb 5, 2025
About this deal
AI
The industrial asset located at 10506 Bryton Corporate Center Drive in Huntersville, NC consists of 700,005 square feet and recently sold for $139,000,000.00. This transaction reflects a significant transfer in the industrial market of the area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $139,000,000.00
- Address: 10506 Bryton Corporate Center Drive
- Market: Huntersville, NC
- Units: 700,005
- Buyer: Hartz Mountain Industries
- Seller: PGIM Real Estate, Foundry Commercial
This transaction was facilitated by the involvement of Hartz Mountain Industries as the buyer and PGIM Real Estate, Foundry Commercial as the seller, indicating a strategic movement in their respective portfolios.
On the Map
$139,000,000
Industrial
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Players
Huntersville 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93