Centerpoint Properties Acquires Industrial Asset In Wayne For $27.5M

Centerpoint Properties has acquired an industrial property located at 100 Demarest Dr in Wayne. The transaction, which took place on 06/03/2022, involved the sale of the asset by 100 Demarest Drive LLC. The property spans approximately 117,340 square feet and was sold for a price of $27,500,000, resulting in a price per square foot of $234. The deal was facilitated by brokers Christopher Todd, Scott K. Perkins, and Will Ericksen from NAI James E. Hanson.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $27,500,000
• Date: 06/03/2022
• Address: 100 Demarest Dr, Wayne
• Market: Wayne

Centerpoint Properties, represented by P.J. Charlton and Bryan Won, acquired the property from 100 Demarest Drive LLC. The transaction was successfully completed with the assistance of NAI James E. Hanson's brokers, Christopher Todd, Scott K. Perkins, and Will Ericksen.