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MONTGOMERY, IL-Kansas City, MO-based Hunt Midwest Real Estate Development, Inc. has made its entry into the Chicago market, acquiring a 171,200-sf distribution center at 1000 Knell Dr. from CenterPoint Properties Trust for more than $8 million. Home Depot has a long-term lease on the property, served by a Burlington Northern Santa Fe railroad spur line.

“Hunt Midwest selected this particular property for three reasons,” explains NAI Hiffman vice president Daniel P. Leahy, SIOR, in a statement. “The site is large enough to expand the current facility by another 98,000 sf, thereby increasing market flexibility; the strength of The Home Depot’s credit rating; and rail service to the site.”

Leahy and executive vice president Gerard J. Keating, SIOR, CCIM spent six months on site selection for Hunt Midwest’s first Chicago area acquisition.

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