CenterPoint Properties bought a 202,000-square-foot industrial building in Santa Ana for $37 million.
It’s the Oakbrook, Illinois’ company’s second-largest sale leaseback of the year in OC, after its summer purchase of Albertsons Cos.’ Irvine distribution center; that deal was $278 million for 1.2 million square feet, with investment partner California State Teachers’ Retirement Fund.
The latest acquisition is for a building occupied by Dalton, Ga.-based carpet and flooring manufacturer Dixie Group Inc. (Nasdaq: DXYN), which parted with the property and took a 10-year lease, with two five-year renewal options.
For more on the deal, and industrial and corporate redevelopment in the same area, see the Nov. 4 print edition of the Business Journal.
