CenterPoint Properties Sells 1901 Chicory Road, WI Racine to Wrought Washer Manufacturing, Inc.
Posted By Staff Writers On December 1, 2013 @ 11:53 pm
OAK BROOK, IL – CenterPoint Properties is proud to announce the successful sale of 1901 Chicory Road, Racine, Wisconsin to Wrought Washer Manufacturing, Inc. Roger Siegel of Jones Lang LaSalle represented Wrought Washer, and Patrick Dedering and Jim Babiasz of The Boerke Company represented CenterPoint in the transaction.
Focusing on customer desires and the development of client relationships, CenterPoint was able to accommodate the specialized needs of Wrought Washer Manufacturing, who operated in the 121,600 SF warehouse facility since 2004.
“After exploring various options with Wrought in both Racine and Kenosha County it was clear that the best option for Wrought was the Chicory property,” remarked executive vice president of Jones Lang LaSalle, Roger Siegel. “As result of Wrought’s positive relationship with CenterPoint it was easy to come together in a collaborative manner to complete the transaction.”
Wrought Washer Manufacturing, Inc. will continue operations from the facility, supplying high-quality washers for a broad range of markets including automotive, agricultural, electrical, appliance, construction equipment and material handling.
“We are pleased that a long-standing client was able to invest in the property to meet their specific needs,” remarked Tom Philbin, vice president regional manager 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.”
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 6,400 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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