CenterPoint Properties Acquires Industrial Property In Northampton, PA For $201.5M

The industrial property located at 951 Willowbrook Road in Northampton, PA, was recently sold in a closed transaction. The property, spanning 1,000,000 square feet, was purchased by CenterPoint Properties, represented by Bob Chapman. The seller, Rockefeller Group, was represented by Daniel J. Moore and PCCP LLC. The transaction was facilitated by brokers from JLL, including John Plower, Ryan Cottone, John Huguenard, Paul Torosian, Rob Kossar, and Jeff Lockard.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $201,500,000
• Address: 951 Willowbrook Road, Northampton, PA
• Market: Northampton, PA
• Buyer: CenterPoint Properties - Bob Chapman
• Seller: Rockefeller Group - Daniel J. Moore & PCCP LLC
• Brokers: John Plower, Ryan Cottone, John Huguenard, Paul Torosian, Rob Kossar & Jeff Lockard - JLL
• Square Footage: 1,000,000
• Price per Square Foot: $202
• Acres: 70
• Price per Acre: $2,878,571

This significant transaction involved CenterPoint Properties, represented by Bob Chapman, as the buyer of the industrial property. On the other side of the deal, Rockefeller Group, represented by Daniel J. Moore and PCCP LLC, acted as the seller. Brokers from JLL, including John Plower, Ryan Cottone, John Huguenard, Paul Torosian, Rob Kossar, and Jeff Lockard, played a crucial role in facilitating the transaction.