Oak Brook, Illinois – CenterPoint Properties celebrated today the grand opening of Lawson Products Inc. (LAWS:NASDAQ) 306,805 square foot facility at CenterPoint’s McCook Business Center in McCook, Illinois. The build-to-suit development incorporated sustainable features with LEED attributes.
“We were pleased to partner with a leading national industrial real estate development firm. CenterPoint understood our business needs and is building a state-of-the-art facility that will be foundational for our long-term, sustained growth” said Lawson Products CEO Tom Neri.
The company will lease the entire distribution facility with construction expected to be completed in August 2012. Colliers International represented Lawson on long term lease transaction.
Lawson Products, Inc. (Lawson) is a North American distributor of products and services to the industrial, commercial, institutional, and governmental maintenance, repair and operations (MRO) marketplace. With this move, Lawson consolidated three of their current Chicago area distribution centers. After considering a variety of locations across the Chicago area, Lawson chose McCook, Illinois for its ability to allow the company to better manage its strategic and logistic objectives.
“We continue to see a strong demand for modern distribution parks that allow companies to take advantage of logistics and transportation savings. CenterPoint Business Center – McCook again demonstrates its strategic and location advantages for companies seeking modern warehouse and distribution facilities,” said Edward Harrington, Senior Vice President for CenterPoint Properties Trust.
About McCook Business Center
The McCook Business Center is a 242 acre redevelopment and is CenterPoint’s second industrial park in McCook, Illinois. The development, which broke ground in 2005, has proven to be remarkably successful attracting users seeking sizeable, modern, efficient sites to construct state-of-the-art facilities in a first class setting. Located at the intersection of 1st Avenue and the Stevenson Expressway (I-55), the McCook Business Center is ideal for a wide variety of industrial users. To date over 2 million square feet has been developed in the park. In addition, the park provides proximity to a large skilled labor pool in the nearby communities, and benefits from a central location in the heart of Chicago’s transportation infrastructure.
About CenterPoint Properties
CenterPoint Properties is focused on the development, ownership and intensive management of industrial real estate and related rail, road and port infrastructure. They add value to their customers through forward-thinking solutions aimed at enhancing supply chain and operating efficiencies. They seek long term relationships with customers, public and private business partners, internal colleagues and the communities where we invest and operate. The Company recently won NAIOP’s Developer of the Year and also received IANA’s Intermodal Achievement Award, which recognizes outstanding contributions towards the advancement of the intermodal freight transportation industry. For more information on CenterPoint Properties, visit www.centerpoint.com.
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