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CenterPoint Properties has sold a 935,120-square-foot industrial facility in Lathrop, Calif., with the assistance of Colliers. A private investor paid $85 million for the asset.
The property debuted in 2003. Four years later, Home Depot became its sole tenant, opening a distribution center that operates to this day.
Located on 49 acres at 18100-18300 Harlan Road, the building is roughly 12 miles south of downtown Stockton, Calif. The San Joaquin County property is just east of Interstate 5 and north of Highway 120.