Inbound Logistics featured CenterPoint Properties and Senior Vice President of Investments PJ Charlton in an article about the critical importance of enlisting the right partner to find the best industrial real estate facility and location.
PJ discussed CenterPoint’s meticulous approach to selecting investment opportunities and why local market expertise is so valuable to tenants and brokers in the feature story, “Searching for the Perfect Site.”
For a logistics site to be considered optimal, it must not only be at the right location on the map but also the right facility at the location.
Finding that sweet spot is the mission of CenterPoint Properties, which invests in industrial real estate in port and infill markets to help companies maximize supply chain efficiency and realize cost savings.
The firm takes a highly targeted approach, focusing on regions ideally situated for logistics advantage: the Bay area, Los Angeles, New York, New Jersey, Seattle, Houston, Charleston, Savannah, and South Florida, in addition to the Chicago area where CenterPoint was founded nearly 40 years ago.
“We take a sharp-shooter strategy, very focused on a street level on the best submarkets in the best markets in the country,” says Paul “PJ” Charlton, senior vice president, who oversees the company’s East Region investments.
“We are enhancing our national portfolio by buying and developing one building at a time,” he says. “Our approach is to look at our target markets and hand-select, street by street, the properties we like.”
That meticulous approach hasn’t slowed CenterPoint down, as it has invested more than $500 million in the New York/New Jersey region since 2017, and $3.5 billion nationally during that time.
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, 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.