{"id":1004751747,"date":"2025-03-24T03:43:34","date_gmt":"2025-03-24T11:43:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004751747"},"modified":"2025-03-24T06:55:22","modified_gmt":"2025-03-24T14:55:22","slug":"centerpoint-sells-central-valley-asset-for-85m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/","title":{"rendered":"CenterPoint Sells Central Valley Asset for $85M"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1349\" height=\"1012\" data-attachment-id=\"1004751748\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/centerpoint-sale-lathrop\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg\" data-orig-size=\"1349,1012\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"CenterPoint-Sale-Lathrop\" data-image-description=\"&lt;p&gt;Property at 18100-18300 Harlan Road, Lathrop, Calif.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The facility came online in 2003 on nearly 50 acres. Image courtesy of Colliers&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg\" alt=\"Aerial shot of the Lathrop, Calif., asset sold by CenterPoint Properties.\" class=\"wp-image-1004751748\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg 1349w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1349px) 100vw, 1349px\" \/><\/a><figcaption class=\"wp-element-caption\">The facility came online in 2003 on nearly 50 acres.<em> Image courtesy of Colliers<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>CenterPoint Properties has sold a 935,120-square-foot industrial facility in Lathrop, Calif., with the assistance of Colliers. A private investor paid $85 million for the asset. <\/p>\n\n\n\n<p>The property debuted in 2003. Four years later, Home Depot became its sole tenant, opening a distribution center that operates to this day. &nbsp;<\/p>\n\n\n\n<p>Located on 49 acres at 18100-18300 Harlan&nbsp;Road, the building is roughly 12 miles south of downtown Stockton, Calif. The San Joaquin County property is just east of Interstate 5 and north of Highway 120.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/what-cre-investors-want-to-buy-in-2025\/\">What CRE Investors Want to Buy in 2025<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The facility features 13,500 square feet of office space and clear heights of 32 feet, as well as one drive-in door and 188 exterior docks. Parking arrangements include 351 car and 307 trailer spaces.<\/p>\n\n\n\n<p>Colliers Vice Chair Michael Kendall, Vice President Kenny Patricia and Associate Kylie Jones, together with Senior Vice Presidents Gian Bruno and Nick Mascheroni, led the team representing the seller. Executive Managing Director, Vice Chair Michael Goldstein, Vice Chairs Ryan McShane and Greg O\u2019Leary, as well as Executive Vice Presidents Alex Hoeck and Wes Widmer, were also instrumental in the deal.<\/p>\n\n\n\n<p>As of March, CenterPoint owned 308 facilities encompassing nearly 63 million square feet of industrial space, according to the company\u2019s website. One of its holdings is a 976,954-square-foot property in Joliet, Ill., that was <a href=\"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/\">recently leased<\/a> in its entirety by a 3PL firm.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-northern-central-valley-s-industrial-market\">Northern Central Valley&#8217;s industrial market<\/h2>\n\n\n\n<p>In 2024, <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-transactions\/\">industrial real estate investment<\/a> in Northern Central Valley comprised only four transactions involving assets of at least 75,000 square feet, according to a report by Colliers.<\/p>\n\n\n\n<p>Net absorption clocked in at 2.6 million square feet for last year, marking the lowest figure recorded in the past nine years, the report shows. The market\u2019s vacancy rate stood at 8.3 percent in December\u2014up 30 basis points year-over-year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home Depot has been the facility\u2019s sole tenant since 2007.<\/p>\n","protected":false},"author":3471,"featured_media":1004751748,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,15],"tags":[36217,35498],"class_list":["post-1004751747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-west","tag-centerpoint-properties","tag-colliers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CenterPoint Sells Central Valley Asset for $85M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"CenterPoint Properties sold an industrial asset in Lathrop, Calif., for $85 million. Colliers represented the seller.\" \/>\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-sells-central-valley-asset-for-85m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CenterPoint Sells Central Valley Asset for $85M\" \/>\n<meta property=\"og:description\" content=\"CenterPoint Properties sold an industrial asset in Lathrop, Calif., for $85 million. Colliers represented the seller.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/\" \/>\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=\"2025-03-24T11:43:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-24T14:55:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1349\" \/>\n\t<meta property=\"og:image:height\" content=\"1012\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\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-sells-central-valley-asset-for-85m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/\",\"name\":\"CenterPoint Sells Central Valley Asset for $85M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg\",\"datePublished\":\"2025-03-24T11:43:34+00:00\",\"dateModified\":\"2025-03-24T14:55:22+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66\"},\"description\":\"CenterPoint Properties sold an industrial asset in Lathrop, Calif., for $85 million. Colliers represented the seller.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg\",\"width\":1349,\"height\":1012,\"caption\":\"The facility came online in 2003 on nearly 50 acres. Image courtesy of Colliers\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CenterPoint Sells Central Valley Asset for $85M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66\",\"name\":\"Claudiu Tiganescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54\",\"caption\":\"Claudiu Tiganescu\"},\"description\":\"Claudiu Tiganescu is an Associate Editor with Multi-Housing News and Commercial Property Executive. With a Bachelor's in English, a minor in Norwegian, and a Master's in linguistics, Claudiu is your go-to source for the latest commercial real estate news, particularly in the affordable, single-family rental, conversions and industrial sectors. You may reach him at claudiu.tiganescu@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/claudiu-tiganescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CenterPoint Sells Central Valley Asset for $85M - Commercial Property Executive","description":"CenterPoint Properties sold an industrial asset in Lathrop, Calif., for $85 million. Colliers represented the seller.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/","og_locale":"en_US","og_type":"article","og_title":"CenterPoint Sells Central Valley Asset for $85M","og_description":"CenterPoint Properties sold an industrial asset in Lathrop, Calif., for $85 million. Colliers represented the seller.","og_url":"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-03-24T11:43:34+00:00","article_modified_time":"2025-03-24T14:55:22+00:00","og_image":[{"width":1349,"height":1012,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg","type":"image\/jpeg"}],"author":"Claudiu Tiganescu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/","url":"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/","name":"CenterPoint Sells Central Valley Asset for $85M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg","datePublished":"2025-03-24T11:43:34+00:00","dateModified":"2025-03-24T14:55:22+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66"},"description":"CenterPoint Properties sold an industrial asset in Lathrop, Calif., for $85 million. Colliers represented the seller.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg","width":1349,"height":1012,"caption":"The facility came online in 2003 on nearly 50 acres. Image courtesy of Colliers"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/centerpoint-sells-central-valley-asset-for-85m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"CenterPoint Sells Central Valley Asset for $85M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66","name":"Claudiu Tiganescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54","caption":"Claudiu Tiganescu"},"description":"Claudiu Tiganescu is an Associate Editor with Multi-Housing News and Commercial Property Executive. With a Bachelor's in English, a minor in Norwegian, and a Master's in linguistics, Claudiu is your go-to source for the latest commercial real estate news, particularly in the affordable, single-family rental, conversions and industrial sectors. You may reach him at claudiu.tiganescu@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/claudiu-tiganescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/CenterPoint-Sale-Lathrop.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004751747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3471"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004751747"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004751747\/revisions"}],"predecessor-version":[{"id":1004751899,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004751747\/revisions\/1004751899"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004751748"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004751747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004751747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004751747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}