CBRE IM MAKES $135M INDUSTRIAL BET — MOoresville LOGISTICS PARK JOINS MULTI-STATE PORTFOLIO
The CBRE Investment Management Mooresville industrial park acquisition has added a major North Carolina logistics asset to the investment manager’s industrial real estate holdings. CBRE Investment Management acquired the North Charlotte Commerce Center in Mooresville for $135 million from a Blackstone affiliate, according to recent transaction reports.
The CBRE Investment Management Mooresville industrial park deal formed part of a larger portfolio transaction totaling approximately 2.3 million square feet across multiple states. The acquisition underscores continued institutional demand for modern industrial properties positioned near major population centers and transportation networks.
The CBRE Investment Management Mooresville industrial park consists of three industrial buildings located at 134 Serviceberry Way, 142 Serviceberry Way and 156 Exmore Road. Together, the buildings span more than 900,000 square feet, providing the buyer with a substantial concentration of industrial space in the Charlotte region.
The largest building is located at 142 Serviceberry Way and encompasses approximately 723,533 square feet. The facility was delivered in May 2024, making it the newest and largest component of the property. The remaining buildings measure approximately 113,000 square feet and 90,000 square feet and were delivered in 2022 and 2023, respectively.
The CBRE Investment Management Mooresville industrial park transaction is particularly notable because the property was fully leased, giving the buyer an established occupancy profile at closing. Fully leased industrial assets can offer institutional investors immediate exposure to rental income while maintaining potential long-term value through tenant retention, market rent growth and strategic asset management.
The property was developed by Strategic Real Estate Partners on behalf of Link Logistics, a Blackstone-linked logistics platform. Its location in Mooresville provides access to the broader Charlotte metropolitan area, one of the Southeast’s important distribution and industrial markets.
The CBRE Investment Management Mooresville industrial park acquisition also reflects the broader role of Charlotte and surrounding communities in the Southeast industrial market. Population growth, transportation infrastructure and business expansion have supported demand for warehouse, distribution and logistics facilities throughout the region.
Modern industrial properties have become increasingly important to investors seeking exposure to supply-chain infrastructure. Facilities with large floor plates, newer construction and access to major population centers can serve a wide range of occupiers, from logistics operators and distributors to manufacturers and e-commerce companies.
The CBRE Investment Management Mooresville industrial park is positioned within that broader investment theme. The property’s three-building configuration provides scale while offering exposure to a growing submarket outside Charlotte’s urban core.
The transaction also illustrates the continued activity of major institutional investors in the U.S. industrial sector. CBRE Investment Management has maintained a significant presence in logistics and industrial real estate, while Blackstone and Link Logistics have built one of the largest industrial platforms in the country.
The CBRE Investment Management Mooresville industrial park purchase follows a period in which investors have increasingly focused on newer industrial assets that can support modern distribution requirements. While market conditions vary by region, institutional buyers continue to evaluate logistics properties based on location, tenant quality, building specifications and long-term supply constraints.
The North Charlotte Commerce Center’s relatively recent construction is another factor that may have supported its appeal. The largest building was delivered in 2024, while the other two facilities were completed within the previous several years, creating a relatively modern portfolio of buildings.
The CBRE Investment Management Mooresville industrial park acquisition also gives CBRE Investment Management a sizeable foothold in a market connected to Charlotte’s broader economic base. The region has attracted companies across manufacturing, logistics, technology and other sectors, supporting the need for industrial facilities.
For the seller, the transaction represents a disposition of a substantial industrial property as part of a broader portfolio strategy. For the buyer, the acquisition provides access to a stabilized asset with existing occupancy and exposure to the long-term fundamentals of the Charlotte-area industrial market.
The CBRE Investment Management Mooresville industrial park deal will now shift attention toward asset management and the performance of the property within CBRE Investment Management’s broader industrial strategy. Future value could be influenced by leasing conditions, rental rates, tenant demand, infrastructure investment and the overall trajectory of the Charlotte market.
The CBRE Investment Management Mooresville industrial park transaction therefore represents another significant institutional investment in Southeast industrial real estate and demonstrates the continuing appeal of modern logistics properties to large-scale investors.
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