CenterPoint Properties Acquires Industrial Asset In Hunts Point From Goldman Sachs & Blumenfeld Development For $116.5M

CenterPoint Properties has acquired an industrial property located at 1080 Leggett Avenue in Hunts Point. The property, sold by Goldman Sachs and Blumenfeld Development, was sold for a price of $116,500,000. It spans a total of 145,144 square feet, with a price per square foot of $803. The building has a total buildable square footage of 419,400, resulting in a price per buildable square foot of $277.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $116,500,000
• Address: 1080 Leggett Avenue, Hunts Point
• Market: Hunts Point
• Buyer: CenterPoint Properties
• Seller: Goldman Sachs & Blumenfeld Development
• Brokers: Andrew Scandalios, Rob Kossar, Tyler Peck, Leslie Lanne, Karl Brumback @JLL

The deal was facilitated by brokers Andrew Scandalios, Rob Kossar, Tyler Peck, Leslie Lanne, and Karl Brumback from JLL. They played a crucial role in connecting the buyer and seller and ensuring a successful transaction.