CenterPoint Sells Property in Germantown, Wisc. to Germantown Properties McCormick, LLC
Posted By Staff Writers On January 8, 2015 @ 8:42 pm
OAK BROOK, IL – Today, CenterPoint Properties announced the disposition of W194 N11695 McCormick Drive, Germantown, Wisconsin to Germantown Properties McCormick, LLC. The property, located 19 miles northwest of Milwaukee, is situated on 5 acres with a 26,560 SF industrial facility on site. Curt Pitzen of NAI MLG Commercial represented Germantown Properties McCormick, while Bill Langhoff of Colliers represented CenterPoint in the transaction.
The industrial building features close proximity to major highways and the central business districts of Milwaukee, a 5,900 SF office, two exterior and one drive-in door, and parking for 58 cars.
“The disposition of the W194 N11695 McCormick Drive property is aligned with the advancement of CenterPoint’s strategy to dispose of assets that lack a multi-modal advantage,” said Nate Rexroth, Executive Vice President of CenterPoint. “We are confident that the property will serve Germantown Properties McCormick in their pursuit to expand their business operations in a key location with direct access to major highway interstates.”
CenterPoint is one of the leading owner/operators of industrial real estate property, consisting of 20.34 Million SF and 3,537 acres in the Chicagoland area.
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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