CenterPoint Acquires 32,235 SF in Pompano Beach, FL
Posted By Staff Writers On July 11, 2018 @ 10:41 am
OAK BROOK, IL – CenterPoint Properties is proud to announce the acquisition of a 32,235 SF warehouse located at 777 South Andrews Avenue in Pompano Beach, Florida. Located on five acres, the low coverage site has significant yard space and multiple access points. Tracey Goo and Luis Castillo of HFF represented the seller in the transaction.
“We are thrilled to acquire this fully leased building in the heart of the highly desirable Pompano Beach submarket,” said PJ Charlton, Senior Vice President of Investments at CenterPoint. “Our East Coast portfolio now includes more than 14.4 Million SF in port related markets.”
This property is strategically located near major South Florida thoroughfares, airports and seaports. The site is one mile from Interstate 95 and three miles from the Florida Turnpike. Direct access to major trucking routes in the area allows for access to 2.2 Million people who live within 20 miles of the facility. Furthermore, the building sits 14 miles from Port Everglades and 15 miles from Fort Lauderdale-Hollywood International Airport.
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.