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MORTON GROVE, IL-CenterPoint Properties, based in Oak Brook, hassold a 290,000-sf industrial building at 8220 N. Austin Ave. toWeiss Properties, based in Skokie. CenterPoint had purchased thebuilding from Lawnware Products in November, says Whit Heitman,principal with Paine/Wetzel•Oncor International.

Heitman, executive vice president Ed Barnett and vice presidentSamuel Badger Jr., all with Paine/Wetzel•Oncor International,represented both the buyer and the seller in the transaction. Inthe sale to CenterPoint in November, both CenterPoint and LawnwareProducts were represented by Heitman and Barnett. Heitman would notdisclose the sales price, but the asking price was $9.3 million or$32 per sf. CenterPoint reportedly purchased the property last yearfor $5.4 million and sold it to Weiss for $7.4 million. Since thebuilding is currently vacant, Heitman said he could not estimate acap rate.