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An East Bay coffee importer has bought a 73-year-old industrial and logistics complex in Oakland in a deal that shows some commercial real estate markets remain sturdy despite the wobbly office and retail sectors.
An East Bay coffee importer has bought a 73-year-old industrial and logistics complex in Oakland in a deal that shows some commercial real estate markets remain sturdy despite the wobbly office and retail sectors.
CenterPoint Properties Trust continued its buying spree at a Hialeah business park. The Oakbrook, Illinois-based industrial real estate developer and manager paid $184.4 million for two warehouses and land at and near 4040 West 108th Street, inside Countyline Corporate Park, according to records. The seller is an affiliate of Florida East Coast Industries, or FECI, the Coral Gables-based parent of train service Brightline; Flagler Global Logistics, a logistics company; and Flagler, a commercial real estate company. FECI is part of Fortress Investment Group, which is owned by Japan’s Soft...