CenterPoint Properties Trust bought 505 Railroad Ave. along with 333 Northwest Ave. from Safeway Inc., parent company of Dominick's Finer Foods, almost a year ago, for $7.65 million.
Although lease terms were not disclosed, CenterPoint Properties Trust gets more than $5 per sf for space in another Northlake property, making the deal with Freudenberg worth at least $1 million per year.
Epic/Savage Realty Partners/TCN Worldwide partner Joel Friedland, SIOR and vice president Theresa Gleason represented Freudenberg Household Products. Thomas Barbera of Trammell Crow Co. represented CenterPoint Properties.
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