CenterPoint Buys FL Distribution Facility

By IvyLee Rosario

1141 Southwest 12th Ave.

After purchasing a 294,912-square-foot distribution center in Kent, Wash., back in September, CenterPoint Properties has acquired a distribution center in Pompano Beach, Fla. The property is 100 percent leased on a long-term basis to Supervalu Wholesale, one of the largest food wholesalers in the U.S. 

Located at 1141 Southwest 12th Ave., the asset comprises 778,816 square feet, including 120,000 square feet of cooler and freezer space, 179 trailer parking spots, 60 dock high doors and extra land for development in the future. The building is within close proximity to Interstate 95, the Florida Turnpike, Fort Lauderdale International Airport and Port Everglades. 

“We believe owning buildings with extra land and abundant parking near the major population centers and ports will benefit our investors long-term. CenterPoint has now invested over $300 million in South Florida since 2017, while assembling a current portfolio of seven logistics buildings, totaling 2.5 million square feet located on approximately 200 acres of land,” PJ Charlton, senior vice president of Investments at CenterPoint, told Commercial Property Executive. “CenterPoint will continue to aggressively seek out additional acquisition and development opportunities in both Dade and Broward counties.”

CBRE’s Vice Chairmen Chris Riley and Christian Lee, Managing Director Guy Ponticiello, Senior Vice President Jose Lobon and Executive Vice President Bruce Westwood-Booth, represented the seller in the deal. 

Image via Google Maps