CenterPoint Acquires Airport-Adjacent Land Site in Miami-Dade County
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Posted By Staff Writers On March 10, 2020 @ 12:55 pm
OAK BROOK, IL – CenterPoint Properties is proud to announce the acquisition of a 17.14-acre land site in the Miami-Dade County submarket. Located at 3200 NW 67th Avenue in Miami, Florida, this site is currently 100% leased to a leading e-commerce retailer.
Located in the highly coveted “Airport West” submarket of Miami-Dade County, the property is directly adjacent to Miami International Airport (MIA) with easy access to major thoroughfares including the Palmetto Expressway, the Dolphin Expressway and I-95. With convenient access to the Port of Miami and major population centers, the site also provides extensive parking capacity, which is a unique feature for the submarket.
“As high throughput and e-commerce tenants continue to expand their network, ancillary parking lots in infill markets will become a necessity in the last-mile supply chain,” said Evan Lippow, Vice President of Investments at CenterPoint.
CenterPoint has continued to strengthen its presence in the South Florida market, investing approximately $400 million across 9 transactions since 2017. The CenterPoint portfolio in South Florida now totals 3.3 million square-feet on 205 acres in Broward and Miami-Dade Counties.
“We remain committed to investing in the South Florida industrial market and are excited to add this parking asset to our portfolio. Long-term we believe this site also has great development potential for transloading or cross-dock tenants given its premier location,” said PJ Charlton, Senior Vice President of Investments at CenterPoint.
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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.
