CenterPoint Expands Miami Portfolio
- Dec 18, 2017
CenterPoint Properties has acquired an industrial facility in Miami. Bob Comunale of Industrial Realty Group represented the seller in the transaction.
The 130,000-square-foot property, located at 3355 NW 114th St., features 24-foot clear heights, a secure truck court, 125 parking spots, 13 dock high doors and ESFR sprinklers. Although currently only available for one tenant, the building can be divided to accommodate two tenants if necessary. Situated on six acres, the facility is within close proximity to interstates 924, 826, 75 and 95, as well as five miles from Miami International Airport and 12 miles from the Port of Miami.
“This is CenterPoint’s third major acquisition in the Miami market this year, totaling over $180 million invested in less than 12 months,” said PJ Charlton, senior vice president of Investments at CenterPoint, in prepared remarks. “This rare, Class A building is the newest facility of its size in Miami’s Gratigny submarket and is an excellent complement to our South Florida portfolio.”
In June, CenterPoint Properties purchased JCPenney’s distribution center in Buena Park, Calif. for $131.3 million.
Image courtesy of CenterPoint Properties