Center Point is a market leader in the development, redevelopment, acquisition, and management of logistically advantaged industrial real estate. Center Point invests in major North American port and intermodal logistics markets, providing efficient logistics real estate solutions for the world’s top manufacturing and distribution companies. Since GI Partners’ involvement began in 2010, the Center Point has grown to over 70 million square feet of industrial properties, expanding from its Midwest roots to a national platform. Center Point is the remaining component of CalEast Global Logistics, an industrial real estate vehicle that was the principal platform utilized by CalPERS for its investment in domestic industrial real estate, and is actively managed by GI Partners as investment manager on behalf of CalPERS.
Investment Details
- Investment Date: December 2010
- Status: GI co-investment acquired by CalPERS in 2015
- GI Role: Continued engagement as active investment manager on behalf of CalPERS
Real Estate Initiatives
- Active asset and platform management, including majority board representation
- Investment Committee role on national acquisitions and development programs
- Effective management of capital structure
- Management of strategic planning and capital allocation processes
- Recruitment and retention of real estate talent
- Accounting and reporting, oversight manager for CalPERS
Headquarters
Oak Brook, IL
