Posted By Staff Writers On September 20, 2018 @ 9:35 am


OAK BROOK, IL – CenterPoint Properties is proud to announce the acquisition of 1617 Industrial Parkway West, a 17,676 SF facility in Hayward, California. Located on 2.09 acres, the property is 100 percent leased between two tenants. Andrew Stoddard and Michael Schofield of Lee and Associates represented CenterPoint and the seller in the transaction.

“This acquisition exemplifies our continued focus on low coverage assets in the infill marketplace,” said Greg Pearson, Vice President of Investments. “The coverage combined with Class A features make the building not only hard to replicate, but a great example of CenterPoint’s ability to transact on a smaller deal.”

The facility has immediate access to I-880 and is situated two miles from the San Mateo Bridge. These thoroughfares provide premier access to San Francisco’s population center, with more than 5.6 Million people living within 30 miles of the facility. The site can accommodate up to four daily trips to the Port of Oakland and up to two daily trips to UP/BNSF Intermodal Yards in Tracy/Stockton. Property features include 24’ clear height and 36 trailer parking positions.

For CenterPoint Investment, Development and Asset Management opportunities in the West Region, please contact:

INVESTMENTS

Evan Lippow

Senior Vice President

(201) 221-1913

elippow@centerpoint.com

JP Perez

Investment Manager

(213) 488-8692

jperez@centerpoint.com

DEVELOPMENT

Michael Murphy

Chief Development Officer

(630) 586-8142

mmurphy@centerpoint.com

ASSET MANAGEMENT

Bob Andrews

Senior Vice President

(213) 488-8689

bandrews@centerpoint.com

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, visit centerpoint.com, follow @CenterPointProp on Twitter or engage with us on LinkedIn.