CenterPoint Properties Announces the Acquisition of a 167-Acre Transload Campus in Morris, IL*
Posted By Staff Writers On February 9, 2015 @ 5:41 pm
OAK BROOK, IL – CenterPoint Properties proudly announces the acquisition of a 167-acre rail-served transload, packaging and distribution campus in Morris, Illinois. The property is fully leased to A&R Logistics, one of the largest and most established bulk resin transloaders in the country.
“CenterPoint continues to focus on the acquisition of logistically advantaged industrial facilities that offer enhanced supply chain efficiencies,” said Senior Vice President Strategic Projects, Matt Mullarkey. “The asset is uniquely located and equipped to efficiently serve the growing plastic resin transload supply chain, supporting A&R Logistics’ core business strategy.”
The campus features two state-of-the-art buildings totaling 328,500 SF, a DDG transload operation, 450 rail car storage spots and 80 acres of expansion land. Additionally, the property boasts direct access to Canadian National and efficient connections to the Burlington Northern Santa Fe, Union Pacific & CSX rail lines.
* In order to take effective ownership of the property, CenterPoint acquired its owner, Gemini Acres, LP.
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. For more information on CenterPoint Properties, visit www.centerpoint.com or follow @centerpointprop on Twitter.
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