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California  + Los Angeles  | 
Making its 11th acquisition in the South Bay submarket, CenterPoint Properties acquired a 91,342-square-foot warehouse in Gardena

Frequent South Bay Investor CenterPoint Adds to Its Holdings 

Returning to a market in which it’s been an active player, Illinois-based CenterPoint Properties has acquired a 91,342-square-foot warehouse in the heart of the South Bay submarket at 301 E. Alondra Blvd. in Gardena. The 3.7-acre rectangular property is leased to a regional manufacturer. 

“CenterPoint was one of the most aggressive investors in the South Bay in 2021, and we’re hoping to increase that investment volume in 2022,” said Evan Lippow SVP of investments.  

Added Ashley Vanacore, CenterPoint’s West Coast investment officer, “This is CenterPoint’s 11th asset in the immediate area, so it’s clear we greatly value this pocket of the L.A. Basin. Tenant demand for both warehouse space and land sites continues to be really, really strong.” 

The Klabin Company’s Matt Stringfellow, Courtney Bell and Tyler Rollema brokered the transaction. In December 2021, CenterPoint bought a warehouse less than a mile away at 268 E. Gardena Blvd. in Carson.

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CenterPoint's VanacoreThe Klabin Company

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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