CenterPoint Sells Miami Gardens Trucking Terminal for $51 Million

CenterPoint Properties has completed the sale of a Miami Gardens trucking terminal for $51 million, with the buyer identified as a waste management firm looking to expand its South Florida operations.

The property, located at 17707 NW Miami Court in Miami Gardens, serves as a strategic logistics asset in one of Miami-Dade County's key industrial corridors. The transaction marks another significant industrial deal for CenterPoint, a Chicago-based real estate investment and development company specializing in logistics facilities across North America.

The acquisition provides the waste management company with critical infrastructure to support its collection and transportation operations throughout the region. Trucking terminals have become increasingly valuable as South Florida experiences continued population growth and corresponding increases in commercial activity requiring waste services.

Miami Gardens, located in northern Miami-Dade County, has emerged as an important industrial hub due to its proximity to major transportation arteries and the Port of Miami. The city's strategic location between Fort Lauderdale and downtown Miami makes it an ideal base for logistics operations serving the broader metropolitan area.

CenterPoint Properties has built a substantial portfolio of industrial properties across the United States, focusing on last-mile distribution centers, warehouse facilities, and transportation terminals. The firm actively manages properties in key markets including Southern California, the Midwest, and South Florida, where demand for industrial space has remained robust.

The transaction adds to a broader trend of industrial property sales in South Florida, where institutional investors and operating companies continue to compete for well-located assets. Industrial real estate has proven resilient even as other property sectors face headwinds, with logistics facilities benefiting from e-commerce growth and supply chain reconfiguration.

For waste management operators, owning dedicated terminals provides operational advantages including better fleet management, reduced leasing costs, and greater control over maintenance schedules. These facilities typically include vehicle parking areas, maintenance bays, administrative offices, and sometimes transfer stations for waste sorting.

The Miami-Dade industrial market has seen strong fundamentals supported by limited new supply and consistent demand from both traditional users and newer sectors like e-commerce fulfillment. The county's position as a major gateway for Latin American trade further strengthens its appeal to logistics operators.

CenterPoint's decision to sell the property reflects ongoing portfolio management strategies employed by institutional real estate firms, which regularly evaluate holdings to optimize returns and redeploy capital into higher-growth opportunities. The company maintains significant development capabilities and continues to pursue new projects across its target markets.

Details regarding financing arrangements and the specific waste management company involved were not disclosed in available transaction records.