CenterPoint Acquires 134,391 SF Facility on the West Coast
Posted By Staff Writers On July 25, 2017 @ 8:56 am
LOS ANGELES – CenterPoint Properties is proud to announce the acquisition of 2230-2242 Davis Court in Hayward, California. Purchase of this 134,391 facility, located on 5.99 acres, aligns with CenterPoint’s strategy of acquiring functional, transportation-related real estate with close access to ports and intermodal centers. CenterPoint plans to reposition the asset to capture the growing demand for e-commerce logistics facilities.
“With proximity to the Port of Oakland, the heavy haul corridor and the San Francisco Bay Area population, this facility offers a variety of shipping solutions and an efficient supply chain,” said Ryan Dunlap, Senior Vice President, Investments at CenterPoint.
The strategic location of this facility provides reduced transportation and drayage costs to tenants, allowing for four daily trips to the Port of Oakland and two daily trips to Union Pacific and BNSF Intermodal Yards in Tracy and Stockton. Facility features include 24’ clear heights and excess yard capacity.
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 square feet and 3,027 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.