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CenterPoint Sells Big, Shedding 13 Assets

Total disposition is valued at $69.9 million.

By Dees Stribling | Updated on July 28, 2000

CHICAGO—CenterPoint Properties Trust has shed 13 properties totaling 1.6 million sf in five land parcels totaling 107 acres in the first half of 2000. Combined consideration of these sales was $69.9 million.

One of the major properties in the disposition was a 735,000-sf distribution building in West Chicago, IL. It was sold to the tenant, LaGrou Distribution Systems. Nine of the 16 dispositions were sold to existing building occupants.

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