CenterPoint Announces Acquisition of the Port of Will County Barge Terminal, Illinois
Posted By Staff Writers On July 19, 2013 @ 10:06 pm
OAK BROOK, IL – CenterPoint Properties is proud to announce the acquisition of a 19.64-acre barge terminal and conveyor system known as the Port of Will County Barge Terminal. Operational and immediately adjacent to CenterPoint Intermodal Center-Joliet, this property connects North America’s largest inland port to the Des Plaines, Illinois and Mississippi River Systems.
“This acquisition is the first of its kind for CenterPoint. It provides an abundance of options for our tenants and further maximizes the efficiency of product moved in and out of this globally recognized transportation hub,” proclaimed Eric Gilbert, the senior vice president of infrastructure and logistics. “The first barge of dry distiller’s grain arrived on July 3 and was containerized on site for shipment to Asia.”
Gerard Keating, managing partner of the Port of Will County, LLC stated, “We are pleased to build upon the nearly 20-year relationship with CenterPoint. This sale increases the reach for our adjacently located property, Mining International, who will continue to utilize the terminal for the export of aggregates to Chicago, Peoria and surrounding markets.”
With the ability to offer expanded services to a broader set of clientele at the Joliet property, CenterPoint continues to meet the requirements of enhanced transportation efficiencies for a thriving industrial market.
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 45.5 million square feet and 6,000 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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