“CenterPoint Acquires Carson Portfolio for South Bay Industrial Portfolio”

CenterPoint Properties has recently completed a significant acquisition of a four-building portfolio in the South Bay industrial submarket, located near the Ports of Long Beach and Los Angeles. The undisclosed amount transaction included four facilities in Compton, situated at 1111 W. Artesia Blvd., 711 W. Walnut St., 1620 S. Wilmington Ave., and 425 Carob St., with a combined total of 546,866 square feet.

With this recent acquisition, CenterPoint Properties has expanded their South Bay portfolio to 30 assets, in addition to two ongoing development projects. The firm, based in Oak Brook, IL, remains dedicated to investing further capital in the submarket, according to regional leaders.

Evan Lippow, CenterPoint’s SVP of investments in the West Region, expressed the rarity of acquiring such a significant scale in the South Bay area. He highlighted how the newly acquired assets complement their existing portfolio and align with CenterPoint’s strategy of accumulating scale in prime infill logistics markets across the country.

The transaction was facilitated by CBRE National Partners, with Darla Longo, Michael Longo, Joe Cesta, Eric Cox, and Barbara Perrier acting as brokers. The seller or sellers involved in the transaction were not disclosed by CenterPoint Properties.