{"id":1004524145,"date":"2021-04-26T04:02:34","date_gmt":"2021-04-26T12:02:34","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004524145"},"modified":"2021-05-15T10:28:16","modified_gmt":"2021-05-15T18:28:16","slug":"centerpoint-properties-buys-1-msf-lehigh-valley-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/centerpoint-properties-buys-1-msf-lehigh-valley-asset\/","title":{"rendered":"CenterPoint Properties Buys 1 MSF Lehigh Valley Asset"},"content":{"rendered":"
\"\"<\/a>

951 Willowbrook Road. Image courtesy of CenterPoint Properties<\/em><\/p><\/div>\n

CenterPoint Properties has purchased a newly constructed 1 million-square-foot industrial facility in Northampton, Pa., marking its first acquisition in the Lehigh Valley market.<\/p>\n

CommercialEdge data lists the last owner as Rockefeller Group, which developed the property with $64.2 million in construction financing provided by TD Bank.<\/p>\n

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READ ALSO<\/strong>: Al. Neyer Raises $110M With First Fund<\/a><\/p>\n

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JLL Senior Managing Directors John Plower and John Huguenard of JLL worked on behalf of the seller.<\/p>\n

Located at 951 Willowbrook Road, the project occupies 70 acres adjacent to an 800,000-square-foot FedEx distribution center and less than 3 miles from Lehigh Valley International Airport. The building features 40-foot clear-height, an ESFR sprinkler system and 149 dock doors, as well as 166 trailer stalls and 759 car stalls. According to a Newmark industry report, the facility is fully leased to Geodis, an international shipment company.   <\/p>\n

In mid-February, CenterPoint Properties expanded its Houston-area portfolio with the acquisition of a distribution facility in Pasadena, Texas.<\/a> The property was developed on a 31-acre site with rail service provided by Union Pacific, BNSF and Kansas City Southern through the Port Terminal Railroad Association.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition of the recently completed facility marks the buyer\u2019s entry into the market.<\/p>\n","protected":false},"author":748,"featured_media":1004528059,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742,10,1494],"tags":[36217,32796,39253,50999,33975,33348],"class_list":["post-1004524145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-northeast","category-philadelphia","tag-centerpoint-properties","tag-jll","tag-john-huguenard","tag-newmark","tag-td-bank","tag-the-rockefeller-group"],"acf":[],"yoast_head":"\nCenterPoint Properties Buys 1 MSF Lehigh Valley Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/centerpoint-properties-buys-1-msf-lehigh-valley-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CenterPoint Properties Buys 1 MSF Lehigh Valley Asset\" \/>\n<meta property=\"og:description\" content=\"The acquisition of the recently completed facility marks the buyer\u2019s entry into the market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/centerpoint-properties-buys-1-msf-lehigh-valley-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-26T12:02:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T18:28:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/951-Willowbrook-e1619437463597.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1198\" \/>\n\t<meta property=\"og:image:height\" content=\"897\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/centerpoint-properties-buys-1-msf-lehigh-valley-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/centerpoint-properties-buys-1-msf-lehigh-valley-asset\/\",\"name\":\"CenterPoint Properties Buys 1 MSF Lehigh Valley Asset - 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