CenterPoint Properties Leases 173134 Square Feet At 8500 Mercury Ln Pico Rivera With Jordan Lara As Landlord's Rep

An industrial property located at 8500 Mercury Ln, Pico Rivera, CA, was acquired by CenterPoint Properties for $63 million. The facility spans 173,134 square feet and features a height of 32 feet, along with 24 dock-high doors and the potential for six additional doors. An ESFR sprinkler system is also included in the asset, which is situated less than two miles from Interstate 5.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $63 million
• Address: 8500 Mercury Ln, Pico Rivera, CA
• Market: Pico Rivera
• Square Feet: 173,134
• Landlord: CenterPoint Properties
• Landlord's Representative: Jordan Lara - Daum Commercial Real Estate Services

The acquisition was facilitated by DAUM Commercial Real Estate, with Jordan Lara, Rudy Lara, and Nick Peukpiboon managing the transaction. The property was part of an off-market, sale-leaseback arrangement, involving an undisclosed occupant as the seller.