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CENTERLINE INDUSTRIAL ACQUIRES INDUSTRIAL BUILDING FOR $1.9M

POWAY, CALIF. — Centerline Industrial has purchased an 11,422-square-foot industrial building in Poway for $1.9 million. The building is located within South Poway Business Park at 12580 Stowe Dr. The buyer plans to relocate to the facility in early 2009. Built in 1990, the property features 2,117 square feet of office space and 9,245 square feet of warehouse space with dock- and grade-level loading. James Duncan of Cushman & Wakefield represented the buyer; Richard Murdock of Commercial Realty Advisers represented the seller, Poway I LLC, in the transaction.

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