CenterPoint Acquires 195,000 SF site in Hayward, CA
Posted By Staff Writers On December 21, 2017 @ 5:28 pm
OAK BROOK, IL – CenterPoint Properties is proud to announce the acquisition of a 195,000 SF site located at 25858 Clawiter Road in Hayward, CA. The site incorporates three buildings with excess yard capacity. Kate Woodcox of Cushman & Wakefield represented CenterPoint in the transaction.
“We are thrilled to acquire this asset in the heart of the East Bay market,” said Ryan Dunlap, Senior Vice President of Investments at CenterPoint. “With the ongoing reduction of supply of industrial product along the San Francisco Peninsula, CenterPoint believes this site will remain in high demand for both East Bay users and Peninsula users looking to relocate.”
Located on 9.5 acres, the site’s strategic location allows for three to four daily trips to the Port of Oakland and one to two daily trips to the UP/BSNF Intermodal Yards in Tracy and Stockton. The asset is less than two miles from the I-880 and sits on the first exit from the San Mateo Bridge on SR-92. In addition, the asset is rail-served and is situated less than two miles from a recently completed FedEx Ground catchment center. CenterPoint plans to reposition the asset to capture the growing demand for port and e-commerce logistics facilities.
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.