CBRE Investment Management Acquires North Charlotte Commerce Center In Mooresville For $135M

The property involved in this transaction consists of an industrial asset located at 134 & 142 Serviceberry Way and 156 Exmore Road in Mooresville, NC. This asset was sold for a total price of $135,000,000. It comprises a total square footage of 900,000, with a price per square foot of $150.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $135,000,000
• Square Footage: 900,000
• Address: 134 & 142 Serviceberry Way; 156 Exmore Road
• Market: Mooresville, NC
• Buyer: Adam Gallistel - CBRE Investment Management
• Seller: A Blackstone affiliate

This transaction is part of a larger portfolio deal involving 2.3 million square feet of industrial properties across three states, highlighting the significant involvement of CBRE Investment Management in the acquisition of the North Charlotte Commerce Center.