CenterPoint Announces Acquisition in Commerce, CAMonday, July 15, 2013
CenterPoint Properties is proud to announce the acquisition of a 7 acre logistics facility, including a container yard, located at 5800 Sheila Street, Commerce, CA. Jack Cline Jr. and Gregory Gill of Lee & Associates, represented CenterPoint Properties in the transaction.
“We are delighted with the acquisition of this highly functional, transload facility, further proving our commitment to serving our mission of investment in port, rail and intermodal-related facilities,” stated Senior Vice President of Investments, James Linn. “The property is situated within two miles of the BNSF and Union Pacific intermodal rail yards and in close proximity to the Ports of Los Angeles / Long Beach, allowing for enhanced product delivery and strategic real-time allocations at reduced overall costs.”
Pacer Cartage, Inc., a subsidiary of the Pacer International, Inc., a freight transportation and logistics provider, currently occupies the property, which is uniquely designed to accommodate the demand for a round-the-clock operation, meeting the logistical needs required by a high-volume tenant.
About CenterPoint Properties
CenterPoint Properties is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. The company invests in major coastal and inland port logistics markets anchoring North America’s principal freight lanes. CenterPoint‘s portfolio includes 45.5 million square feet and 6,000 acres under development in the company’s integrated intermodal industrial parks. For more information on CenterPoint Properties, visit www.centerpoint.com or follow @centerpointprop on Twitter.