CenterPoint Properties has struck its third deal in the New York City boroughs this year, purchasing 301 Norman Avenue in Brooklyn, NY.
The 66,618 square-foot high-throughput facility is minutes from Manhattan and ensconced in the area’s top-rated industrial submarket of Greenpoint.
“This location is second-to-none,” said PJ Charlton, CenterPoint’s Senior Vice President of Investments. “301 Norman offers distributors outstanding access to Manhattan, and to affluent residents in the boroughs’ trendiest neighborhoods immediately surrounding it and some eight million consumers overall within 10 miles,” Charlton explained.
The warehouse can accommodate both surface and dock loading, and it has a 26-foot clear-height that exceeds boroughs standards. Charlton said the site’s secure parking is a rarity in the boroughs.
“The facility is equipped with features you don’t often see in New York City. This is a great infill building to add to our growing portfolio in New York City and Northern New Jersey,” Charlton finished.
Jeffrey Unger and Bob Klein of Kalmon Dolgin Affiliates Inc. represented the buyer and seller in this transaction.
Earlier this year, CenterPoint bought a pair of properties in the Bronx at 1080 Leggett Avenue and next door at 511 Barry Street.
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, follow us on LinkedIn. For all media inquiries, including requests for interviews with CenterPoint executives, please contact firstname.lastname@example.org or 630.586.8285.