CenterPoint Properties Acquires Industrial Asset In Jurupa Valley From York Arizona Office Associates Worth $101M

The industrial property located at 10855 Philadelphia Avenue in Jurupa Valley has been sold. The transaction took place on June 21, 2022. The property, owned by York Arizona Office Associates, was purchased by CenterPoint Properties, represented by Bob Chapman's agency. The sale price for the property was $101,000,000. The total square footage of the property is 210,600, resulting in a price per square foot of $479.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $101,000,000
• Date: June 21, 2022
• Address: 10855 Philadelphia Avenue
• Market: Jurupa Valley
• Buyer: CenterPoint Properties - Bob Chapman
• Seller: York Arizona Office Associates
• Size: 210,600 square feet
• Price per Square Foot: $479

Bob Chapman, representing CenterPoint Properties, played a vital role in the purchase of this industrial property in Jurupa Valley. The transaction involved negotiations between CenterPoint Properties, as the buyer, and York Arizona Office Associates, as the seller. Chapman's expertise in industrial real estate likely contributed to the successful completion of the deal.