CenterPoint Properties Closes on Sale of 460 Fort Hill Drive, Naperville, IL
Posted By Staff Writers On February 1, 2014 @ 6:44 pm
OAK BROOK, IL – CenterPoint Properties is proud to announce the sale of 460 Fort Hill Drive, Naperville, Illinois to Naperville Properties, LLC, the owner/operator of the Continental Motors car dealership. David Lind, Nicholas Peters and David Justh of CBRE represented CenterPoint in the transaction.
Focusing on customer desires and the development of client relationships, CenterPoint was able to accommodate Naperville Properties needs to locate directly adjacent to their current operations. This strategic location gives the car dealership the competitive advantage over neighboring car dealers with a greater inventory space and state-of-the-art 16,963 square foot building for advanced operations.
Continental Motors will use this facility for additional car storage, photo booth and service for their neighboring facilities, as Continental Acura and Mazda are located southeast of the site. Providing additional convenience to the growing dealership, the property is accessible via the private road that runs along the south boundary.
“We are pleased that Continental Motors was able to invest in the property to meet their specific needs as their dealership grows and expands,” remarked Katie Michel, senior vice president asset management of CenterPoint Properties. “Building relationships with our customers is a top priority and completing this sale proves CenterPoint’s ability to satisfy client needs by accommodating their investment strategy and delivering a product that will serve their business for many years to come.”
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