CenterPoint Grabs Another 1.1M of Industrial Space

The industrial buildings were developed in 2007 and 2008 and feature modern design characteristics.

ATLANTA—CenterPoint is still making big industrial moves across the Southeast. After acquiring a 1.1 million-square-foot industrial portfolio with rail-served properties in Savannah, GA and Suffolk, VA in February, the company just snapped up a three-building, 1.1 million-square-foot portfolio across the region. The industrial properties are located in Savannah, Charleston, SC and Mobile, AL.

Frank Fallon of CBRE National Partners represented the seller, Johnson Development Associates, in the transaction. The logistically-advantaged portfolio spans 105 acres and 1.1 million square feet of class A warehouse space. All buildings are close to ports in their respective markets. This acquisition brings CenterPoint’s East Coast portfolio to 10.6 million square feet across 68 buildings.