CenterPoint is Bullish on Its Investment Prospects
With the February acquisitions of three Los Angeles-area buildings and a 600,000-square-foot facility in Houston, Oak Brook, IL-based CenterPoint Properties has made 27 new investments since 2020 began. In the past 14 months, the industrial real estate investment, development and management firm has acquired 38 buildings totaling nearly seven million square feet and 456 acres in six of its core markets: New York/New Jersey, Los Angeles, Houston, South Florida, Oakland and Seattle.
Despite challenging global economic conditions over the past year, CenterPoint has ramped up its national investment strategy in port, intermodal and leading e-commerce markets. It has invested $1.3 billion over the past five quarters.
“We’re very optimistic about our prospects for continued success based on the types of deals we’ve closed in recent months, the class of properties we’ve added, and the strength of the opportunities we see on the horizon,” said CenterPoint CIO Jim Clewlow.
Pictured: A distribution facility in Kent, WA, which Centerpoint acquired last September.
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).