CenterPoint Properties has acquired an 8.4-acre land site located on NW 123rd Street in Opa-locka, Fla.
This acquisition strengthens CenterPoint’s growing presence in the South Florida market.
CenterPoint intends to improve the site on a speculative basis and will be marketing it for outdoor storage and trailer parking.
“In 2018, CenterPoint was involved in the development of approximately 4 million square feet nationwide, totaling more than $400 million,” said Tony Beck, senior vice president of development at CenterPoint. “We’re excited to make our first land investment in South Florida and look forward to future development opportunities in such a dynamic industrial market.”
CenterPoint has now invested more than $300 million in South Florida across eight transactions. Th
