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Read why CenterPoint is targeting the competitive I-880 Corridor in the Bisnow feature, “Industrial Player Continues Shopping Spree in Hot East Bay.”
Industrial developer CenterPoint Properties has made the biggest of a growing list of acquisitions, this time in an East Bay market it continues to count on for its active seaport and strong consumer base.
The Chicago-based company has acquired a 707K SF distribution facility in Richmond, its fifth East Bay buy in 12 months. Sold by LDK Ventures and fully leased to Amazon, its newest property, 2995 Atlas Road, follows a two-year run that has led to CenterPoint owning 20 Bay Area properties, most of which are in the East Bay.
CenterPoint’s buying spree is part of a confluence of national factors that have boosted the industrial sector’s e-commerce-led strength, and also local ones, like the Port of Oakland and the East Bay’s growing population.
About CenterPoint Properties
CenterPoint is an industrial real estate company made up of dedicated thinkers, innovators and leaders with the creativity and know-how to tackle the industry’s toughest challenges. And it’s those kinds of problems — the delicate, the complex, the seemingly impossible — that we relish most. Because with an agile team, substantial access to capital and industry-leading expertise, those are exactly the kinds of problems we’re built to solve. For more information on CenterPoint Properties, follow us on LinkedIn. For all media inquiries, including requests for interviews with CenterPoint executives, please contact media@centerpoint.com or 630.586.8285.
For CenterPoint Investment, Development, and Asset Management inquiries, please contact:
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