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CenterPoint Brings Massive Portfolio of Trucking Terminals to Market
Avison Young’s Chicago office is listing a 1.75-million-square-foot trucking terminal portfolio with 54 properties in core logistics markets including Chicago, Atlanta, Dallas, New York and others. The portfolio is owned by locally based CenterPoint Properties.
Erik Foster and Mike Wilson, who head Avison Young’s National Industrial Capital Markets Group, are leading the sale efforts. Local market assistance will be provided by Burr & Timken, along with Cushman and Wakefield.
“As e-commerce continues its strong growth trajectory, the trucking industry has become a vital component of the logistics networks that deliver goods across the country,” said Foster. “This expansive trucking property portfolio will allow an investor to scale up quickly with a national presence that includes core industrial markets as well as secondary markets that are on a fast growth track.”
He added, “Due to limited supply and end-user ownership, truck terminals are highly fragmented and underinvested in by institutional players.”
Pictured: A FedEx shipping facility in Ronkonkoma, NY, part of the CenterPoint portfolio.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
