CenterPoint Acquires 130,000 SF Facility in Miami
Posted By Staff Writers On December 14, 2017 @ 8:47 am
OAK BROOK, IL – CenterPoint Properties is proud to announce the acquisition of a 130,000 SF facility located at 3355 NW 114th Street in Miami, Florida. Bob Comunale of Industrial Realty Group represented the seller.
“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. “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.”
Located on six acres, the building has access to six million people in South Florida, 1.7 Million of whom live within 10 miles of the site. The facility is strategically situated 0.3 miles from Interstate 924 (Gratigny Expressway) and 0.5 miles from Interstate 826 (Palmetto Expressway). Furthermore, the site is located two miles from Interstate 75, two miles from Interstate 95, five miles from Miami International Airport and 12 miles from Port of Miami.
“The building’s strategic location near major thoroughfares, ports, sortation centers and population allows for reduced transportation costs and presents both ‘last mile’ and e-commerce potential in the future,” said Evan Lippow, Vice President of Investments at CenterPoint. “We are excited about the acquisition and will continue to seek out additional acquisition and development opportunities in 2018.”
Property features include 24’ clear height, 13 dock high doors, a secure truck court, ESFR sprinklers and 125 car parking spots. While the building currently accommodates one tenant, the facility has the ability to divide to accommodate two tenants if needed.
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 Million SF and 2,363 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.