The West Dundee redevelopment, which sits on 60 acres and houses companies like Motorola and Airborne Freight, was a typical CenterPoint redevelopment play, according to the firm's chief investment officer Paul Ahern. "Once the value has been added and the property stabilized, we redeploy the capital created into a new set of opportunities."
CenterPoint is currently involved in two massive industrial projects in the Chicago area, the $1-billion redevelopment of the Joliet Arsenal and, in conjunction with Ford Land, the development of the a supplier park for Ford's Torrance Avenue plant.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
