CenterPoint Properties Sells 2505 Enterprise Circle to Simpson Manufacturing Company
Posted By Staff Writers On January 19, 2016 @ 1:15 pm
OAK BROOK, IL – CenterPoint Properties today announced the successful sale of 2505 Enterprise Circle in West Chicago, Illinois to Simpson Manufacturing Company. David Prell, Cal Payne and Tyson Vallenari of CBRE represented Simpson Manufacturing, while Britt Casey of Cushman & Wakefield represented CenterPoint in the transaction. Simpson Manufacturing selected the 174,400 square foot facility within CenterPoint’s DuPage Business Center based on the large office space, layout and location of the building.
“After their extensive search for a manufacturing facility, we are pleased that Simpson Manufacturing has chosen this property,” said Ed Harrington, Senior Vice President of Development at CenterPoint Properties. “We believe being located in the DuPage Business Center is ideal for the growth of their manufacturing operations.”
Simpson Manufacturing joins diverse clients at DuPage Business Center including DS Containers’ manufacturing facility and New Continuum’s fully redundant data center. The facility features include 48,776 square feet of office space, 28 exterior docks, two drive-in doors and 401 car parking spots. Simpson Manufacturing plans to renovate and add a small expansion to the building to create the ideal space for their operations.
Considered a leader in structural systems research, Simpson Manufacturing is a designer, engineer and manufacturer of structural connectors, anchors and other products for new construction, retrofitting and do-it-yourself markets. The company is focused on creating structural products that help people build safer and stronger homes and buildings.
“We are excited that Simpson Manufacturing has purchased the property at 2505 Enterprise Circle,” said David Prell of CBRE. “The West Chicago facility provides a long term solution for the company.”
DuPage Business Center features diverse communication and utility infrastructure, fully improved sites with off-site detention, and adjacency to key transportation routes and public transportation. Engineered for data speed, redundancy and survivability, DuPage Business Center is ideal for innovative and technology sensitive companies. CenterPoint is the exclusive developer at DuPage Business Center and has master-planned more than 5.5 Million square feet of proposed industrial facilities on approximately 500-acres of developable land within the park.
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 57.3 million square feet and 4,500 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.