Industrial N Illinois

CenterPoint sells 21-building portfolio in Chicago

  

CenterPoint Properties announced the disposition of a 21-building portfolio in the Greater Chicago market. The portfolio consists of about 2.4 million square feet and 110 acres of land.

Robin Stolberg and Kurt Sarbaugh of HFF represented CenterPoint in the transaction.

"This disposition was an opportunity for CenterPoint to capitalize on our investment strategy," said Jim Clewlow, Chief Investment Officer at CenterPoint. "The company is focused on building a nationally diverse port and intermodal portfolio while maintaining a firm, multimodal presence in Chicago and its surrounding submarkets."