CBRE Investment Management Acquires Belmont Distribution Center

CBRE Investment Management’s Americas Direct Logistics Deployment Team (the “Team”), on behalf of a separate account client, has acquired Belmont Distribution Center (the “Asset”), a Class A, ±200,000 SF logistics building in Northern New Jersey from a Brookfield-backed fund.

Completed in 2023, Belmont Distribution Center features market-leading specifications such as a 40’ clear height, 130’ truck court, 46 loading positions, 138 car parking spaces, 29 trailer parking spaces and LEED Silver certification. The Asset is divisible for multiple tenants and is designed to accommodate the most active tenant size segment in the market.

The Asset is strategically located in Northern New Jersey’s Route 287/Exit 10 submarket, offering excellent connectivity to major highways such as I-95, I-287 and I-78. This location provides easy access to New York City, Newark International Airport, and the Port of New York/New Jersey, one of the busiest port complexes in North America. The region benefits from a substantial labor and consumer base of over 26 million people within a two-hour drive, making it highly attractive for logistics customers.

The market continues to experience strong capital markets liquidity and leasing fundamentals, solidifying its position as one of the strongest and hardest-to-penetrate transaction markets in the country.

“We’re excited to add Belmont Distribution Center to our portfolio, marking the continued expansion of our logistics platform in New Jersey,” said Christopher Sullivan, Director, Logistics Deployment at CBRE Investment Management. “This acquisition complements our recent investment in Cottontail Logistics Center within the same submarket and underscores our ongoing focus on acquiring high-quality, well-located logistics assets in coastal gateway markets. We are confident Belmont Distribution Center’s modern design and strategic location will drive long-term value.”

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $155.3 billion in assets under management* as of June 30, 2025, operating in 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.