Sales Push Down Chi. North Vacancy

CHICAGO—CenterPoint Properties Trust has just sold a 100,000-square-foot manufacturing facility on the North Side to Alpina Manufacturing, the latest in a series of sales that has helped further push down an already low vacancy rate on the city’s North Side. Alpina, a Chicago-based picture frame manufacturing company, which currently has several facilities in the metro area, plans to consolidate its operations into the newly-acquired property at 6460 W. Cortland Ave. Although the price was not disclosed, Cook County records indicate that Alpina paid $2 million.

Larry Goldwasser, Colin Green, and Brad Weiner of Cushman & Wakefield represented CenterPoint in the transaction. Ed Lowenbaum of Lowenbaum REP, a Chicago-based commercial real estate firm, represented Alpina.