CenterPoint Properties to Build 100,000-Square-Foot Distribution Center Near L.A. Ports

L.A. Biz   |   Annlee Ellingson

Posted In — News & Press | In the News

In what has already been a busy week for CenterPoint Properties, the Chicago-based real estate firm’s plans to build a state-of-the-art distribution center in the Long Beach area have been unveiled.

The company, which earlier this week announced the acquisition of three more Los Angeles-area industrial properties in one sale-leaseback transaction, has purchased nine acres of land from privately owned energy company Signal Hill Petroleum for $20.9 million, according to Reonomy data.

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