» Home | News

News

7.8.14 - CenterPoint Properties Sells 1.34 M SF in Southeast Wisconsin

OAK BROOK, IL – CenterPoint Properties announces the successful sales of two Southeast Wisconsin-Area portfolios totaling 1.34 M SF. The transaction consisted of a five-building and 12-building portfolio in South Milwaukee.

Erik Foster, Mike Wilson and Michelle Montanye of Avison Young represented CenterPoint in the 12-building sale to BK Equities. The facilities neighbor the General Mitchell International Airport and are within minutes of population centers and interstates, providing significant value to businesses with distribution needs. The portfolio comprised of buildings ranging in size from 124,400 SF to 230,400 SF.

Ben Adank and Paul McBride of RFP Commercial represented CenterPoint in the five-building sale to Zilber Property Group. These facilities are strategically located with direct access to the General Mitchell International Airport. The portfolio comprised of buildings ranging in size from 19,400 SF to 64,000 SF.

"The opportunity to realize substantial gains in a strategically located market drove our decision to advertise these portfolios for sale," commented Jim Clewlow, chief investment officer of CenterPoint Properties. "We were able to identify two strong buyers who desire facilities near major transportation lanes in order to enhance their business supply chains."

As a result of the dual-portfolio dispositions, CenterPoint's total footprint in Wisconsin is approximately 9 M SF.

Media Requests
Jacque Engle
Communications Manager
1808 Swift Drive
Oak Brook IL 60523
Phone: 630.586.8024
media@centerpoint.com
In the News
 / 
Press Releases
7.8.2014 - CenterPoint Properties sells 1.34M SF in Southeast Wisconsin 7.8.2014 - Under Secretary Klotz packs last crate at Kansas City Plant 7.8.2014 - Bannister Federal Complex moves forward with closing 7.8.2014 - NNSA completes move to new $687M manufacturing plant 6.13.2014 - Brian Townsend of CenterPoint Properties Featured in Mid Atlantic Real Estate Journal 6.27.2014 - How Logistics Challenges are Being Met 6.24.2014 - Logistics Have Become Sexy Again 6.19.2014 - Freeborn Transportaion Team Secures TRO Victory on Behalf of CenterPoint 6.12.2014 - Truck Ban Threatens Economic Growth 6.9.2014 - Why Manufacturers Should Move Facilities to Trans-Advantaged Hubs 5.30.2014 - Keeping Intermodal In Your Sites 5.28.2014 - GSP starts work on BMW export site 5.23.2014 - McPier OKs final land buy for DePaul arena 5.14.2014 - New industrial park planned for booming warehouse district south of Dallas 5.9.2014 - 'Intermodal' Is the Buzzword for Industrial Today 4.30.2014 - Q&A: Michael Murphy, Chief Development Officer at CenterPoint Properties 1.29.2014 - Crain's Chicago Business - Shipping Firm to Lease Big New Warehouse in Joliet Development 12.18.2013 Co Star Group - Partners Warehouse Renews 440,000 SF in Elwood 12.11.2013 SC Inland Port Set to Boost Economic Development 12.04.2013 Kansas City Star - Bannister Federal Complex in South KC will be Razed in 2016 12.04.2013 Kansas City Business Journal - USDA Signs First Lease at CIC KCS 11.15.2013 Your Industry News - NNSA Campus Receives LEED Gold Certification 11.14.2013 Crains Chicago Business - R. Chapman Appointed to CEO of CNT 11.01.2013 Daily Herald - 4500 W. Marginal Way Acquisition Announcement 10.24.2013 Greenville Journal - SC Inland Port 'Great Selling Point' 10.20.2013 American Shipper - PSF New Class A Real Estate 10.18.2013 Manteca Bulletin - Crothall Groundbreaking CIC Manteca 10.02.2013 The Times Weekly - Home Depot Grand Opening 07.01.13 – American Shipper – City Park Acquisition 01.06.14 – "Siding" up to Intermodal (Article written by Mark Solomon, DC Velocity) 07.01.13 – American Shipper – City Park Acquisition 06.28.13 – McCormick Place Development Speculation – Chicago Tribute 6.19.13 - CenterPoint Featured as Deal of the Week in WSJ 05.29.13 – REJournals.com Butterfield Lease 05.15.13 – American Shipper WeissRohlig BTS 05.06.13 – National Real Estate Investor Hollistor Renovation 4.19.13 - CenterPoint Responds to Elwood Lawsuit 10.5.10 - Paul Fisher: People are what get you through the down times - REJournals Commercial Real Estate News 9.28.10 - Novel Interchange in Kansas City Area Will Bolster Development - Kansas City Business Journal 9.21.10 - New US Midwest Intermodal Facility Benefits Customers in TransPacific Trade - Modern Terminals 9.13.10 - The Port Moves Inland - The Journal of Commerce 9.8.10 - Work starts on $687M National Nuclear Security Administration campus in Kansas City - Kansas City Business Journal 8.31.10 - A Nuclear Family Updates Its Home - The Site Selection Online Insider 8.27.10 - Crothall Breaks Ground to Build Its First Green Laundry Facility - PR Newswire 8.4.10 - UP Launches Chicago-area Intermodal Terminal - The Journal of Commerce 8.4.10 - Joliet seeks to become the O'Hare of the train-truck world - Chicago Tribune 5.17.10 - Tracking Logistics - The Journal of Commerce 5.17.10 - Intermodal Transit: A Better Way To Ship - Area Development Online 3.29.10 - CenterPoint Signs Big BTS Lease – REJournals Commercial Real Estate News 3.17.10 - CenterPoint Properties lands first tenant for NS-served logistics park – Progressive Railroading 3.11.10 - KCS, CenterPoint Gain FTZ Designation for Texas Logistics Park – Progressive Railroading 2.10.10 - Buffett Takes on Chokepoint in Chicago With Burlington Northern – Bloomberg
7.8.14 - CenterPoint Properties Sells 1.34 M SF in Southeast Wisconsin 7.7.14 - CenterPoint Properties Sells 7705 Staples Drive, Lithia Springs, Georgia 7.2.14 - CenterPoint Properties Completes 5th Acquisition in Seattle Port Market in FY14 2.14.2014 - CenterPoint Properties Completes 450,262 Square Foot Retail Support Center for Ace Hardware 2.3.14 - CenterPoint Announces New Development in Pleasant Prairie, WI 1.31.14 - CenterPoint Welcomes Neovia Logistics Services to CenterPoint Intermodal Center - Joliet 1.30.14 - CenterPoint Properties Announces Acquisition of Port-Proximate Long Beach, Calif. Facility 1.21.14 - CenterPoint Properties Sells Specialized Facility at 2900 Shermer Road, Northbrook, IL 1.16.14 - CenterPoint Properties Sells 1901 Chicory Road, WI Racine to Wrought Washer Manufacturing, Inc. 1.7.14 - CenterPoint Announces 300,000 SF Speculative Facility at CIC-Kansas City 1.6.14 - CenterPoint Properties Announces Acquisition of Port-Proximate Jersey City Facility 11.14.13 - CenterPoint Properties Trust Appoints Robert M. Chapman as Chief Executive Officer 5.29.2013 - CenterPoint Properties Announces Long-Term Lease in Hillside, IL 4.24.13 - CEO of CenterPoint Properties Trust Announces Retirement 9.12.12 - CenterPoint Properties Earns Spot on 2012 InformationWeek 500 List 7.26.2012 - CenterPoint Properties Announces Grand Opening of Ace Hardware at CenterPoint Intermodal Center - Suffolk 10.4.2011 - CenterPoint Properties Announces the Completion of its CEO Transition 10.3.2011 - CenterPoint Properties Announces Two New Projects For Ace Hardware and Nexcom at CenterPoint Intermodal Center - Suffolk 6.7.2011 - CenterPoint's Mullen to Retire as CEO and Become Vice Chair 3.16.10 - CenterPoint Properties Signs New Customer to CenterPoint Intermodal Center 1.18.10 - CenterPoint Properties Signs New Customer to Long-Term Lease in Pleasant Prairie, WI 12.8.09 - CenterPoint Properties Selects Jones Lang LaSalle to Market DuPage National Technology Center 12.7.09 - Gartner Data Center Conference Welcomes CenterPoint Properties 9.15.09 - CenterPoint Properties Ranks 16th on the InformationWeek 500 7.20.09 - CenterPoint Announces Signing of Joliet Intermodal Center Agreements 4.7.09 - U.S. General Services Administration Selects Developer - CenterPoint Properties - for National Nuclear Security Administration Project 3.12.09 - CenterPoint Properties Proposes A Strategic Partnership To Strengthen And Expand Virginia Ports