JLL brokered the $56.9 million sale of a CenterPoint Properties industrial building in South Brunswick, NJ, to Sagard Real Estate. The facility benefits from strong logistics connectivity along the New Jersey Turnpike.
Sagard Real Estate has acquired a 223,977-square-foot industrial property located at 27 Distribution Way in Monmouth Junction, New Jersey, from CenterPoint Properties for $56.9 million. The fully leased logistics facility sits in a prime distribution corridor.
Chicago-based CenterPoint Properties sold a 29,336-square-foot industrial building located at 190 Homestead Ave. in Avenel, New Jersey. The property was purchased by Jadian IOS in a transaction arranged by CBRE.
CenterPoint Properties' development leadership discusses how the industrial real estate sector is prioritizing high-quality site designs and long-term functionality amid supply chain restructuring. The feature highlights CenterPoint's ongoing projects, including a two-story industrial development near JFK Airport.
CenterPoint Properties sold a 223,977-square-foot industrial distribution facility in Monmouth Junction, New Jersey, to Sagard Real Estate for $56.9 million. The fully leased logistics property sits in the high-demand Exit 8A submarket along the New Jersey Turnpike.
Sagard Real Estate has acquired a fully leased industrial distribution facility from CenterPoint Properties for $57 million. The 224,000-square-foot logistics property is located in Monmouth Junction, New Jersey.
Ronel Borner, senior vice president of development at CenterPoint Properties, discusses the shift in industrial real estate toward higher-quality, well-designed buildings following the pandemic-era construction boom.
The article notes a leadership change involving Christopher Papa, who previously held a role at CenterPoint Properties, highlighting ongoing personnel shifts within the commercial real estate sector.
The article notes a leadership change involving Christopher Papa, who previously held a role at CenterPoint Properties, as part of a broader industry roundup of commercial real estate personnel moves.
CenterPoint Properties has sold a 12-acre truck storage facility in Miami to Waste Connections for $51 million. This transaction represents a profitable exit for the company, which originally acquired the property in 2022.
Crow Holdings Development has appointed Travis Conley as a senior associate of construction management for its New Jersey team, strengthening its regional development capabilities.
Taylor Morrison has appointed Mike Carlo as the new president of its Sarasota division. This leadership change is intended to drive strategic growth and operational excellence in the region.
CenterPoint Properties is constructing two 1-million-square-foot speculative industrial facilities in Joliet and Elwood, Illinois. Company leadership cited strong demand for warehouse space near rail terminals as the primary driver for this significant expansion.
CenterPoint Properties' East Region team received a 'Top Project' award from Long Island Business News for their recently completed build-to-suit distribution facility near JFK Airport. The project was recognized as one of the region's most outstanding real estate developments.
CenterPoint Properties senior executives Matt Mullarkey and Ronel Borner were featured in NAIOP's Development Magazine, discussing industrial supply chain optimization, automation, and the impact of nearshoring on industrial real estate demand.
A special-purpose entity affiliated with CenterPoint Properties sold the Milford Landing Plaza in Pennsylvania for $12.8 million. The transaction was part of a 1031 exchange strategy for the buyer.
Colliers brokered the $12.8 million sale of Milford Landing Plaza in Pennsylvania, which was owned by a special-purpose entity affiliated with CenterPoint Properties. The retail asset was purchased by an entity linked to Wells Real Estate Investments.
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