OAK BROOK, IL – CenterPoint Properties proudly announces The DeLong Co. as they expand their current footprint at CenterPoint Intermodal Center – Joliet, IL (CIC-Joliet). The DeLong Co. will occupy 25 acres of land within CIC-Joliet to operate their transload operation. Josh Hearne of Cawley Chicago represented The DeLong Co., while Dan Leahy and Adam Roth represented CenterPoint in the transaction.
The DeLong Co. and CenterPoint have a long standing relationship; CenterPoint developed two facilities for the company previously in Northlake and Joliet, IL, which have utilized CIC- Joliet and Elwood for exports. Based on their experience as a CenterPoint tenant, The DeLong Co. recognizes the value that intermodal proximity and logistics-advantaged facilities generate for the company.
“Our time in Northlake and Channahon showed us the benefits of intermodal access, and ultimately paved the way for the purchase of this property,” said Bo DeLong, Vice President of Grain at The DeLong Co. “CenterPoint’s proven expertise in logistically-advantaged real estate, coupled with our established relationship, made acquiring the 26 acres at CIC-Joliet an easy decision.”
The DeLong Co. intends to relocate its 15-acre transload operation from Channahon, IL, to the proposed 25-acre site, which is centrally located in between the Union Pacific and BNSF intermodal yards. The facility will enhance the agricultural transload platform at CIC-Joliet, which is the largest agricultural export hub in the Midwest. Currently, there are more than 105 million bushels of locally produced agricultural products exported annually from the park.
“CenterPoint is committed to helping our clients achieve a competitive edge through strategically located, transportation-advantaged facilities,” said Jeremy Grey, Vice President, Infrastructure and Logistics at CenterPoint. “The DeLong Company’s relocation within CIC-Joliet is the result of our longstanding relationship with the company, and is a great example of our goal to help our clients execute investment strategies for long-term success.”
About CenterPoint Properties
CenterPoint Properties is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. The company invests in major coastal and inland port logistics markets anchoring North America’s principal freight lanes. CenterPoint’s portfolio includes 57.3 million square feet and 4,500 acres under development in the company’s integrated intermodal industrial parks. For more information on CenterPoint Properties, visit www.centerpoint.com or follow @centerpointprop on Twitter.
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