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Florida & Gulf Coast  + Industrial  | 

CenterPoint Properties Acquires 1.4M-SF Industrial Facility in Miami

CenterPoint Properties has acquired two built-to-suit industrial facilities in Miami’s Countyline Corporate Park. Together, the facilities total 1.4 million square feet. The seller was not disclosed.

The two properties feature 34-foot clear heights, above-market door counts and ESFR sprinkler systems. The properties are also located on 49 and 24-acre lots and offer parking for nearly 600 trailers. The two facilities are currently leased long term to a leading national retailer.

“We loved the opportunity to acquire brand new, core product in the Miami market. These are some of the newest and largest buildings in the market and are leased on a long-term basis,” said PJ Charlton, senior vice president of investments at CenterPoint. “These Class A buildings are also two of the finest in all of South Florida with everything a modern retailer needs to distribute products efficiently and will be an anchor for our growing South Florida portfolio.”

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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