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 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.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.


Just another ALM site