One of the major properties in the disposition was a 735,000-sfdistribution building in West Chicago, IL. It was sold to thetenant, LaGrou Distribution Systems. Nine of the 16 dispositionswere sold to existing building occupants.
In addition, CenterPoint completed 14 new investments andstarted construction on an expansion for an existing client. Theinvestments, with a combined value of $90.7 million, totaled 2.7million sf. CenterPoint also acquired a 155-acre land parcel at126th Street and Torrence Avenue on Chicago's far south side.
One of CenterPoint's major recent investments was a 1.1-millionsf high-cube distribution facility adjacent to Union Pacific'sGlobal II intermodel rail yard in Melrose Park, IL. CenterPoint isnow in control of the majority of space adjacent to the intermodalterminal.
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