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California  + Industrial  | 

CenterPoint Claims 1.6M-SF Facility in SoCal’s Inland Empire

CenterPoint Properties acquired a 1.6-million-square-foot industrial facility on 94.23 acres of land at 5600 E. Airport Dr. in Ontario, CA. The Inland Empire market transaction represents one of the largest industrial trades of the decade, according to the Oak Brook, IL-based industrial investor, developer and operator.

The acquisition includes a short-term leaseback; however, the project will be marketed for lease immediately. The business plan is to leverage the existing improvements and capitalize on a parking ratio 5x greater than the market average.

CenterPoint’s Ryan Dunlap says, “This investment epitomizes our ‘land value-plus’ strategy, and emphasizes the ability to harvest value on in-place improvements. The pricing model leverages implicit land value, and fills the void between the low-cost provider and Class A construction.”

NKF’s Thad Mallory, Bret Hardy and Jim Linn represented CenterPoint in the off-market transaction. The acquisition is CenterPoint’s first investment in the Inland Empire since 2012.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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