California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Inland Empire  + Industrial  | 

CenterPoint Claims City of Industry Asset

There is still time to joins us at Connect Inland Empire on October 24th at the Ontario Convention Center. Get more information about the conference and register on this link.

Oak Brook, IL-based CenterPoint Properties acquired a 93,818 square-foot industrial building in the City of Industry, CA from an undisclosed seller. The asset is located on a 6.18-acre site at 13260-13280 E. Amar Rd.

CenterPoint plans roughly $2.5 million in renovations to upgrade the 1960’s-built asset and lease to a high-quality distribution tenant. The property offers 24 dock high loading doors, more than 5,000 square feet of office space, 22 feet of clear height, 56 additional trailer stalls with more than 100 trailer storage capability, and three drive-in bays.  The building is rail-served by Union Pacific.

Daum’s Rudy Lara and Nathan Lara completed the off-market transaction on behalf of the buyer.

“With this acquisition, we helped our client secure an increasingly rare opportunity to strategically upgrade an older property to meet the needs of today’s tenants, and benefit from the long-term growth fundamentals of this in-demand submarket,” explains Lara.


Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With CenterPoint PropertiesConnect With Daum’s Rudy Lara

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
Money360-26-cube
Chase-19-cube