X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.