OAK BROOK, IL – CenterPoint Properties recently acquired a 91,002 square foot industrial facility at 18521 E Railroad Street in City of Industry, California. Steve Bellitti and Tony Phu of Colliers International represented the seller, while Stu Milligan of Cushman & Wakefield represented CenterPoint in the transaction.
“The location of this facility aligns with CenterPoint’ strategy of enhancing the business supply chain,” said Ryan Dunlap, Senior Vice President of Investments at CenterPoint. “Its nearness to the ports, rail, interstate system and airport offer tenants several efficient distribution options.”
Located on four acres, the building sits at the epicenter of the e-commerce corridor, I-605 and I-5, as well as the import corridor, I-110, I-710. Other location advantages include proximity to the Ports of Los Angeles and Long Beach, the Union Pacific and BNSF intermodals and the Los Angeles International Airport. Closeness to these transportation hubs offers the tenant direct access to the Los Angeles market population.
Facility features include 11,835 SF office, 27’ clear height, 8 exterior docks, 3 drive-in doors, a 130-foot truck yard and 61 car parking spaces.
“With a larger than average truck yard and two points of access to the facility, this acquisition is an attractive opportunity for CenterPoint,” added Dunlap. “We are excited about this acquisition as it helps our growth in new submarkets along the West Coast.”