CenterPoint Properties proudly announces the acquisition of a 167-acre rail-served transload, packaging and distribution campus in Morris, Illinois. The property is fully leased to A&R Logistics, one of the largest and most established bulk resin transloaders in the country.
“CenterPoint continues to focus on the acquisition of logistically advantaged industrial facilities that offer enhanced supply chain efficiencies,” said Senior Vice President Strategic Projects, Matt Mullarkey. “The asset is uniquely located and equipped to efficiently serve the growing plastic resin transload supply chain, supporting A&R Logistics’ core business strategy.”
The campus features two state-of-the-art buildings totaling 328,500 SF, a DDG transload operation, 450 rail car storage spots and 80 acres of expansion land. Additionally, the property boasts direct access to Canadian National and efficient connections to the Burlington Northern Santa Fe, Union Pacific & CSX rail lines.
* In order to take effective ownership of the property, CenterPoint acquired the operating owner, Gemini Acres, LP.
