CenterPoint Acquires Last-Mile Facility in Competitive Los Angeles South Bay Submarket
Posted By Staff Writers On July 31, 2020 @ 12:15 pm
OAK BROOK, IL. – CenterPoint Properties has acquired a 60,115 SF distribution facility at 230 W. Rosecrans Avenue in Gardena, CA. The facility sits on 3.22 acres in the South Bay submarket of Los Angeles.
The site is designed for high throughput users, with three times the market average for trailer parking, eight dock-high positions, and immediate access to California’s freeway system. The combination of an excess yard and port proximity makes this property an invaluable addition to CenterPoint’s West Coast portfolio.
“The asset embodies our continued focus on simultaneously serving the first and final mile of domestic supply chains,” said Greg Pearson, CenterPoint Vice President of Investments.
The South Bay address sits at the crossroads of port traffic and the e-commerce supply chains for Southern California. The building has immediate access to the 110 Freeway, a major transportation thoroughfare through the heart of the city. It’s also less than a half-hour drive from Los Angeles International Airport, rail terminals, and the top container ports in the nation at Los Angeles and Long Beach.
“This high throughput asset is highly strategic as we continue to build mass in the Rosecrans corridor,” said Ryan Dunlap, CenterPoint Senior Vice President of Investments.
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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.