Real Estate Transactions

Burr & Temkin Provides Key Insights for $285 Million Transportation Property Sale

Our firm is proud to have played a fundamental role in the recent sale of a 53-asset transportation property portfolio offered by CenterPoint Properties.

The Buyers, an equal joint venture between J.P. Morgan Asset Management and Realterm, added a number of geographically and functionally diversified transportation assets to their portfolio. Such properties are highly coveted by investors in response to the continued surge in logistics and e-commerce.

The strategically located assets are dispersed throughout 28 markets including Boston, Atlanta, Dallas, Chicago, and New Jersey. Additionally, the portfolio offers functional diversification, supporting fleet, intermodal, final mile distribution, LTL, and TL operations.

“Burr & Temkin was essential in the underwriting and valuing of a majority of the properties in this transportation-based portfolio,” said Jim Clewlow, CenterPoint’s Chief Investment Officer, and Laura Petrucci, CenterPoint’s Vice President of Investments. “Their knowledge and insights helped us realize the true value of the portfolio as a whole. Their expertise and access to critical data aided in the timely underwriting and expeditious sale of the portfolio. We were very pleased with their performance and look forward to working with them again in the future.”

Larry Casey of Cushman & Wakefield provided additional consulting services to the Seller. Avison Young represented the Seller and facilitated the transaction as the primary Capital Markets broker.