Port Cities and Industrial Real Estate Flourish with the Surge of E-commerce
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Posted By Staff Writers On April 24, 2019 @ 3:00 pm
As e-commerce shows no signs of slowing down, investments in seaport infrastructure are on the rise.
From coast to coast, CenterPoint focuses its investments near ports as well as intermodal rail hubs and dense populations. This strategy creates a logistics demand and real benefit, according to Michael Murphy, Chief Development Officer at CenterPoint.
For the past decade CenterPoint has been active in Savannah, Georgia, a highly attractive market for industrial real estate. CenterPoint’s Matt Mullarkey, Senior Vice President of Strategic Projects and Planning, points out the benefits: “It has good rail connectivity to inland markets and access to the positive demographics of the Southeast. You put the strength of the port and the industrial market together and it’s a winning combination.”
On the opposite side of the country, “CenterPoint operates several off-port properties in the Oakland market. In fact, we own about 10 Million SF of industrial properties on the West Coast and aim to expand to 20 Million SF by 2025,” said Ryan Dunlap, Senior Vice President of Investments at CenterPoint.
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