CenterPoint Properties Trust bought 505 Railroad Ave. along with333 Northwest Ave. from Safeway Inc., parent company of Dominick'sFiner Foods, almost a year ago, for $7.65 million.
Although lease terms were not disclosed, CenterPoint PropertiesTrust gets more than $5 per sf for space in another Northlakeproperty, making the deal with Freudenberg worth at least $1million per year.
Epic/Savage Realty Partners/TCN Worldwide partner JoelFriedland, SIOR and vice president Theresa Gleason representedFreudenberg Household Products. Thomas Barbera of Trammell Crow Co.represented CenterPoint Properties.
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