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New York & Tri-State  + Uptown/Bronx  + Industrial  | 
511 Barry Street The Bronx CenterPoint Properties

CenterPoint Buys Second Bronx Industrial Next Door to the First

Three months after acquiring its first Bronx property at 1080 Leggett Ave., Oak Brook, IL-based CenterPoint Properties has purchased the one next door at 511 Barry St. Both properties are leased long-term to an e-commerce retailer, effectively giving CenterPoint a more than nine-acre distribution campus.  

“Certainly, our goal was to acquire both buildings, so we’re thrilled to see our strategic plan come to fruition,” said PJ Charlton, CenterPoint SVP of investments. “Parking and a premium location are essential in today’s competitive logistics environment, and those are unquestionably the hallmarks of this property.” 

The 81,000-square-foot Barry Street building covers 32% of the property’s 4.6 acres. The lot provides ample capacity for car parking, delivery vehicles and trailers.  

Brian Fiumara of CBRE National Partners, Doug Middleton and Ryan Silber from CBRE’s New York Investment Properties group, and JLL’s Rob Kossar, Tyler Peck, Leslie Lanne and Andrew Scandalios brokered the transaction. 

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Inside The Story

CenterPointCBRE’s FiumaraJLL’s Kossar

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).

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