Centerpoint Acquires Industrial Property On Homestead Ave, Avenal For $7.4M

Centerpoint has acquired an industrial property located at 190 Homestead Avenue in Avenal, according to recent transaction records. The property, measuring approximately 29,400 square feet, was sold by Compass for a total price of $7,400,000. This translates to a price per square foot of $251. The transaction was facilitated by brokers Jordan Avanzato, Jose Cruz, and Marc Duval from JLL.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,400,000
• Market: Avenal

The acquisition of this industrial asset marks an important deal for Centerpoint, solidifying their presence in the Avenal market. The property, located at 190 Homestead Avenue, offers approximately 29,400 square feet of versatile space.

Jordan Avanzato, Jose Cruz, and Marc Duval from JLL played crucial roles as brokers representing both the buyer, Centerpoint, and the seller, Compass. Their expertise and negotiation skills ensured the successful completion of the transaction.