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The expansive yard in the prime Miami-Dade County submarket can accommodate nearly 200 trailers. The site is also perfectly suited to meet the increasing outdoor storage and parking demands of the market. It’s located minutes from the I-75 and I-95 highways, 13 miles from Port of Miami and 10 miles from Miami International Airport.
“This asset appeals to the strong tenant demand in an area where supply for outside storage is very limited,” said CenterPoint Senior Vice President of Development Ronel Borner. “This partnership further demonstrates our commitment to strengthening our portfolio in Miami-Dade County and serves to enhance the value of our existing investments in the area long-term,” continued Borner.
“With industrial space in Miami being a shrinking commodity, we consider ourselves fortunate to have found this property that will not only suit our immediate needs but our forecasted growth,” said Natacha M. Bastian, Chief Executive Officer of Concurrent Group.
CenterPoint has invested $610 million in its South Florida portfolio, which now totals 4.43 million square feet of industrial space and 310 acres in Broward and Miami-Dade counties.
Edward Easton of The Easton Group represented Concurrent Group, and Brian Smith at JLL and Bob Comunale of Industrial Group Realty represented CenterPoint.
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 media@centerpoint.com or 630.586.8285.
For CenterPoint Investment, Development, and Asset Management inquiries, please contact:
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