CenterPoint Properties announces operational realignment

CenterPoint Properties (CenterPoint), a real estate firm focused on the development, acquisition, and management of industrial properties and transportation infrastructure, today announced as part of its evolving operational strategy and due to significant growth experienced over the past several years, the company has implemented a new regional management structure. The company expects this transformation will enable it to become even more localized to support deeper market penetration while accelerating growth in target markets. The new operational structure is designed to deliver even greater value to CenterPoint’s owners and tenants.

CenterPoint’s new regional operational structure includes West, East and Central regions with dedicated investment, development and asset management personnel, all reporting directly to a regional Executive Vice President. Bob Andrews has been promoted to Executive Vice President, Head of West Region, while PJ Charlton will take on the role of Executive Vice President, Head of East Region. Chief Operating Officer Jim Clewlow will oversee the Central Region until CenterPoint completes a search to identify a permanent Executive Vice President to oversee the region.

“We are incredibly proud of the growth we have achieved over our 30-plus years as an organization, which would not be possible without the dedication and support of our talented team members,” said Bob Chapman, Chief Executive Officer of CenterPoint. “This regional realignment represents the natural next stage of our evolution and aligns with CenterPoint’s strategy, which will guide our next chapter of growth.”

Clewlow added, “With this change, we believe we can enhance operational and investment performance by becoming more streamlined, focused, and tactical. Ultimately, being closer to our customers, deals, and assets will enable us to make better data-driven decisions, which is necessary in an increasingly competitive market.”

CenterPoint’s national portfolio includes more than 300 properties comprising approximately 63 million square feet of prime warehouse, distribution and manufacturing facilities. These state-of-the-art assets are ideally situated near major transportation nodes, ports, and population centers in America’s top industrial markets.