CenterPoint Acquires 397,585 SF Warehouse in Miami
Posted By Staff Writers On August 2, 2018 @ 8:56 am
OAK BROOK, IL – CenterPoint Properties is proud to announce the acquisition of a 397,585 SF warehouse located at 7000 NW 32nd Avenue in Miami, Florida. This rare, large 18.6-acre site in the Airport East submarket has a large truck court and is 73 percent leased. Mike Davis, Wayne Ramoski, Gian Rodriguez and Skylar Stein of Cushman & Wakefield represented the seller in the transaction.
“This property is one of only three sites greater than 15 acres in the entire Airport East submarket, so we are excited to add this unique warehouse to our East Coast portfolio,” said Evan Lippow, Vice President of Investments at CenterPoint.
“The Airport East submarket offers proximity to the port and last-mile delivery capabilities to the affluent population base of Miami-Dade County,” said PJ Charlton, Senior Vice President of Investments at CenterPoint. “This transaction brings our total investment in South Florida to more than $200 Million and nearly 2 Million SF – all acquired in the last 18 months.“
This Eastern Miami-Dade location offers premier access to major transportation and logistics hubs in the region. The warehouse is two miles from SR-112, three miles from Interstate 95, four miles from Miami International Airport and eight miles from the Port of Miami. Site features include ample dock high doors, above standard trailer and car parking ratios, and a secure truck court.
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.