March 2010

CenterPoint signs big BTS lease

A chemical manufacturer is the first to stake a claim at CenterPoint Intermodal Center-Joliet, CenterPoint Properties’ newest logistics center/intermodal facility just two miles north of CIC-Elwood (home of BNSF Logistics Park-Chicago). Construction is underway on a 217,712-square-foot build-to-suit lease for Northfield, Ill.-based Stepan Co.
Stepan recently signed the long-term lease on a 16.48-acre site in Joliet with CenterPoint, the developer of the building. FCL Builders is the contractor on the project. This building “kicks off with the park,” said Dan Leahy, executive vice president and partner of NAI Hiffman, and CenterPoint’s representative in the lease transaction. “Centerpoint will have the ability to build around 20 million square feet within CIC-Joliet. It’s the first of many future buildings.” Read more at REJournals.com…

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