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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.
- ◦Sale/Acquisition
