CenterPoint announces the acquisition of 167-acre campus
MORRIS, IL — CenterPoint Properties announced the acquisition of a 167-acre rail-served transload, packaging and distribution campus in Morris, Illinois. The property is fully leased to A&R Logistics, one of the largest and most established bulk resin transloaders in the country.
“CenterPoint continues to focus on the acquisition of logistically advantaged industrial facilities that offer enhanced supply chain efficiencies,” said senior vice president strategic projects, Matt Mullarkey. “The asset is uniquely located and equipped to efficiently serve the growing plastic resin transload supply chain, supporting A&R Logistics’ core business strategy.”
The campus features two state-of-the-art buildings totaling 328,500 s/f, a DDG transload operation, 450 rail car storage spots and 80 acres of expansion land. Additionally, the property boasts direct access to Canadian National and efficient connections to the Burlington Northern Santa Fe, Union Pacific & CSX rail lines. n
KANSAS CITY, KS — CenterPoint Properties announced construction completion and lease commencement for three tenants in a 300,000 s/f speculative facility at the CenterPoint Intermodal Center – Kansas City. The USDA Animal and Plant Health Inspection Service (APHIS) will occupy 104,500 s/f of the speculative, class-A specialized facility, neighboring Really Good Stuff, Inc. and UFP Harrisonville, LLC in 65,500 s/f.
“The addition of three unique tenants to CIC-KC is a sign of a strong industrial market, especially for users in need of state-of-the-art customized facilities adjacent to multiple modes of transportation,” remarked vice president of development, Melissa Roman.
The building, divided into three units to accommodate each tenants’ individual business requirements, is adjacent to Botts Rd. and U.S. Highway 150 in South Kansas City. The site is fully improved with completed infrastructure and features, 60’ speed bays, 32’ clear, 37-door dock doors with four drive-in doors and parking for 154 cars.