OAK BROOK, IL – CenterPoint Properties announces the disposition of a 21-building portfolio in the Greater Chicago market. The portfolio consists of approximately 2.4 Million SF and 110 acres of land. Robin Stolberg and Kurt Sarbaugh of HFF represented CenterPoint in the transaction.
“This disposition was an opportunity for CenterPoint to capitalize on our investment strategy,” said Jim Clewlow, Chief Investment Officer at CenterPoint. “The Company is focused on building a nationally diverse port and intermodal portfolio while maintaining a firm, multimodal presence in Chicago and its surrounding submarkets.”
CenterPoint’s overall company portfolio includes 59 Million SF and an occupancy level of 95.3%. With approximately 39% of the Company’s assets remaining in the Greater Chicago market, CenterPoint continues to have a stronghold in the region.