CenterPoint Properties Acquires Industrial Portfolio In Compton For $197M Via CBRE

Four-building industrial real estate portfolio in Compton has been acquired for $197 million. The properties are located at 1111 West Artesia Boulevard, 711 West Walnut Street, 1620 South Wilmington Avenue, and 425 Carob Street, spanning approximately 546,866 square feet. This strategic investment by CenterPoint Properties aligns with their focus on premier logistics markets near the Ports of Long Beach and Los Angeles.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $197,000,000
• Market: Compton
• Buyer: Evan Lippow & Bob Andrews - CenterPoint Properties
• Brokers: Barbara Perrier, Darla Longo, Eric Cox, Joe Cesta & Michael Longo - CBRE
• Square Footage: 546,866
• Price Per Square Foot: $360

CenterPoint Properties' acquisition of the industrial real estate portfolio was facilitated by CBRE Group Inc. The deal was brokered by Barbara Perrier, Darla Longo, Eric Cox, Joe Cesta, and Michael Longo. This transaction strengthens CenterPoint's South Bay presence, demonstrating their commitment to growth in high-demand industrial sectors.