chi-centerpoint proj (3)

CHICAGO—CenterPoint Properties has decided tofocus its attention on industrial properties connected tointermodal or port facilities, and that has led it sell off somebuildings that don't meet that criteria. The Oak Brook, IL-basedfirm, one of the most significant players in the national market, justsold a 21-building portfolio in the Chicago area, for example, andcompany officials tell GlobeSt.com that there could still be othersimilar sales.

The portfolio consists of buildings without intermodalcapabilities, and totaling about 2.4 million square feet on 110acres of land. Robin Stolberg and KurtSarbaugh of HFF represented CenterPointin the transaction. The company did not disclose the propertyaddresses or prices paid. CenterPoint sold off a Milwaukee-area portfolio in 2015.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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