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TA Associates Realty Sells Greater Chicago Industrial Portfolio

CHICAGO, IL - CenterPoint Properties acquires the 1.5 million sf portfolio consisting of nine properties, all of which have single digit vacancies.

By Christina Tran | Updated on December 05, 2000

CHICAGO, IL – TA Associates Realty, a Boston-based pension fund advisor, has sold its Greater Chicago Industrial Portfolio, which consists of nine buildings and totals 1.5 million sf. The portfolio is comprised of primarily bulk distribution and light industrial facilities with an overall occupancy of 93 percent. CenterPoint Properties, a real estate investment trust based in Oak Brook, IL, purchased the portfolio for an undisclosed amount.

The portfolio is well located in the greater Chicago area’s strongest industrial submarkets including southern Cook County, western Cook County, northeast DuPage County, central DuPage County and Lake County, all of which have single digit vacancies.

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