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Posted By Staff Writers On March 17, 2021 @ 8:16 am


CenterPoint Chief Investment Officer Jim Clewlow was featured in a CoStar article, “Seeing Logistics Growth, CenterPoint Plans $1.1 Billion in Purchases,” highlighting CenterPoint’s heightened investment activity in the wake of recent portfolio sales.

“By and large our tenants are growing, our rents are growing and our occupancies are high,” he said. “We’re not just buying to buy or developing to develop or selling to sell. We’re national investors, and we’ve performed very well as measured by occupancies, which are hovering from 95% to 97%.”

“Even during the downturn of COVID, our occupancy levels remained very strong,” he added.

Now Clewlow, with a $1.1 billion account at hand, is looking at further growth on both coasts while shoring up CenterPoint’s tenant base. Since the beginning of the year, the company has made two major property purchases: the second half of a four-building acquisition in Countyline Corporate Park in Hialeah, Florida, and a more than 601,000-square-foot building on 31 acres in Pasadena, Texas.

“E-commerce is a great tailwind for the industry right now and probably will continue to be,” Clewlow said. “Our belief is that it moderates a little bit and ebbs and flows with tech” as shopping behaviors shake out in a post-pandemic world.

“Retail doesn’t go away,” he said. “But there’s a question of what that balance is.”

Read the full article.

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.