CenterPoint Properties Acquires 395750 Sq Ft Industrial Facility In Lithia Springs For $51.6M

CenterPoint Properties purchased an industrial facility located at 2124 Skyview Drive East in Lithia Springs, GA, for a transaction amount of $51,600,000. The property encompasses a total area of 395,750 square feet, resulting in a price per square foot of $130. This facility is currently fully leased.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $51,600,000
• Address: 2124 Skyview Drive East
• Market: Lithia Springs, GA
• Square Footage: 395,750
• Price per Square Foot: $130
• Buyer: CenterPoint Properties
• Seller: IDI Logistics
• Brokers: Frank Fallon & George Fallon - CBRE

This acquisition marks CenterPoint Properties' second metro Atlanta purchase within the year, contributing to their expanding eastern U.S. portfolio which now includes 91 assets totaling 19 million square feet.