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CenterPoint acquires last-mile facility in L.A. South Bay submarket
Transactions - AUGUST 4, 2020

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CenterPoint acquires last-mile facility in L.A. South Bay submarket

by Released

CenterPoint Properties has acquired a 60,115-square-foot distribution facility at 230 W. Rosecrans Ave. in Gardena, Calif. The facility sits on 3.22 acres in the South Bay submarket of Los Angeles.

The site is designed for high-throughput users, with three times the market average for trailer parking, eight dock-high positions and immediate access to California’s freeway system. The combination of an excess yard and port proximity makes this property a valuable addition to CenterPoint’s West Coast portfolio.

“The asset embodies our continued focus on simultaneously serving the first and final mile of domestic supply chains,” said Greg Pearson, CenterPoint vice president of investments.

The South Bay address sits at the crossroads of port traffic and the ecommerce supply chains for Southern California. The building has immediate access to the 110 Freeway, a major transportation thoroughfare through the heart of the city. It is also less than a half-hour d

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