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Seeing Logistics Growth, CenterPoint Plans $1.1 Billion in Purchases

Blackstone REIT Pays $151 Million for CenterPoint's Portfolio of Seven Properties in Greater Chicago, Most With Direct Access to O’Hare
CenterPoint Properties has focused its long-term diversification strategy on a bigger U.S. presence with industrial spaces such as this one at 506 Brookside Drive in Richmond, California. (CoStar)
CenterPoint Properties has focused its long-term diversification strategy on a bigger U.S. presence with industrial spaces such as this one at 506 Brookside Drive in Richmond, California. (CoStar)
By Jennifer Waters
CoStar News
March 4, 2021 | 7:50 P.M.

CenterPoint Properties has completed the last of a series of portfolio sales to wrap up a decadelong geographical diversification plan and is now moving forward with $1.1 billion earmarked for more growth acquisitions this year, underscoring the demand for industrial logistics sites.

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