CenterPoint Buys Lithia Springs Distribution Center

First Industrial Sells 585,000-SF Facility for $20 Million

Chicago-based CenterPoint Properties Trust acquired Building 200 of Terminus West Business Park in Lithia Springs, GA, from First Industrial Realty Trust for $20 million, or approximately $34 per square foot.

The 585,000-square-foot, Class A distribution center at 200 Blairs Bridge Road was built last year and is in the I-20 W/Douglasville Industrial submarket. Exel Logistics currently occupies the fully leased building.

Marty Arnold, Dennis Mitchell, Colin Cavill and Bob Cottle of Colliers Spectrum Cauble represented First Industrial Realty Trust.