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CenterPoint Acquires 4.5-Acre Industrial Site in Kent
CenterPoint Properties has invested in a 4.5-acre industrial property in Kent, WA, the firm’s 26th Seattle-area acquisition. The low-coverage asset, which features a 20,000-square-foot warehouse, is adjacent to a 6-acre property CenterPoint purchased in 2016.
“We are especially keen on building mass near our portfolio of high-quality port and transportation-advantaged properties in America’s coastal industrial markets,” said JP Perez, CenterPoint’s West Region investment manager. “Investing in this property is a flush fit with our long-term investment policy due to the ability to amass property level scale and create future optionality for our portfolio.”
The site and its warehouse are available for lease immediately, with Jim Honan of Neil Walter Company representing CenterPoint in that capacity. The property has a 10% site coverage and can accommodate parking for 87 trailers and 20 cars.
Pictured: CenterPoint 10.5-Acre Kent assemblage
- ◦Sale/Acquisition
