CenterPoint Acquires 125,798 SF Facility in Los Angeles
Posted By Staff Writers On July 12, 2019 @ 8:53 am
OAK BROOK, IL – CenterPoint Properties is proud to announce the acquisition of a 125,798 SF building located at 13217 South Figueroa Street in Los Angeles, California. Situated on 5.01 acres, the site has three points of access and allows four daily trips to the Ports of Los Angeles and Long Beach.
“We are thrilled to add this strategically located, last-mile facility to our West Coast portfolio,” said Ryan Dunlap, Senior Vice President of Investments at CenterPoint. “The northern South Bay address is situated at the intersection of users looking for port proximity and tenants targeting high value West LA rooftops.”
This asset parallels the I -110 Freeway and is located less than one mile from an I-110 access ramp. The building is 10 miles from Los Angeles International Airport, 11 miles from the Ports of Los Angeles and Long Beach and 13 miles from the BNSF and UP intermodals.
“Our ability to leverage an oversized front yard, with a 1 per 3,600 SF dock high ratio will make this an ideal building for a combination of drayage and warehousing,” said Greg Pearson, Vice President of Investments. Pearson joined CenterPoint as Vice President of Investments in March 2018. Prior to CenterPoint, Pearson worked as an Investment Officer for Exeter Property Group and a Senior Associate on CBRE’s National Partners platform. Greg received an MBA from Columbia University and holds a bachelor’s degree from the University of Southern California.
About CenterPoint Properties
CenterPoint Properties is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. The Company invests in major coastal and inland port logistics markets anchoring North America’s principal freight lanes. CenterPoint‘s portfolio includes 58.9 Million SF and 2,386 acres under development in the Company’s integrated intermodal industrial parks. For more information on CenterPoint Properties, visit centerpoint.com or follow @centerpointprop on Twitter.