January 10, 2021
CenterPoint Properties has acquired two built-to-suit industrial facilities in Miami’s Countyline Corporate Park. Together, the facilities total 1.4 million square feet. The seller was not disclosed.
The two properties feature 34-foot clear heights, above-market door counts and ESFR sprinkler systems. The properties are also located on 49 and 24-acre lots and offer parking for nearly 600 trailers. The two facilities are currently leased long term to a leading national retailer.
“We loved the opportunity to acquire brand new, core product in the Miami market. These are some of the newest and largest buildings in the market and are leased on a long-term basis,” said PJ Charlton, senior vice president of investments at CenterPoint. “These Class A buildings are also two of the finest in all of South Florida with everything a modern retailer needs to distribute products efficiently and will be an anchor for our growing South Florida portfolio.”
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