Real estate company Ill. Continues to invest in the region by purchasing industrial property in Dayton.

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An Illinois-based real estate company has acquired industrial property in Dayton, it said Monday.

Center point acquired a two-building complex at 10 Corn Road, which includes 295,000 square feet of warehouse space on 34 acres. CenterPoint said in a press release that the property is being leased to an undisclosed national beverage company serving the northeast of the country.

Financial terms of the deal were not disclosed.

“We are thrilled to add this to our (Output) 8A portfolio,” CenterPoint Chief Investment Officer Brian Vaughn said in a prepared statement. “The unique features of the property make it a very attractive investment because it can serve a variety of industrial uses, from food and beverage to traditional distribution, in a market with little to no vacancy.”

CenterPoint is currently investing $ 1.7 billion in 33 properties, including nearly 7.5 million square feet of warehouse space in the New York / New Jersey area.

“10 Corn Road is well positioned in the 8A submarket and is in an area that provides us with long-term expansion potential,” PJ Charlton, Senior Vice President of Investment, said in a statement. “This is our sixth acquisition in the New Jersey / New York metro area in 12 months. This region is undoubtedly one of the most popular industrial markets in the country. “

The JLL team, consisting of Marc Duval, Jordan Avanzato and Jose Cruz, brokered the deal.



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