CenterPoint Announces Build-to-Suit for DSC Logistics at CenterPoint Intermodal Center
11 Novembre 2003 - 10:41PM
PR Newswire (US)
CenterPoint Announces Build-to-Suit for DSC Logistics at
CenterPoint Intermodal Center OAK BROOK, Ill., Nov. 11
/PRNewswire-FirstCall/ -- CenterPoint Properties Trust today
announced plans to develop a new Logistics Center for DSC Logistics
at CenterPoint Intermodal Center in Elwood, Illinois. DSC
Logistics, a leading supply chain management company headquartered
in Des Plaines, has signed a long-term lease for over 700,000
square feet. Construction of the facility is expected to be
completed in July of 2004. DSC will use the facility primarily to
service its Unilever Bestfoods North America account. As a leading
manufacturer of food products, Unilever requires a new food-grade
building to distribute their products. After searching sites in 8
different Illinois counties, DSC chose CenterPoint Intermodal
Center based on its direct rail service, Foreign Trade Zone status
and competitive price. The facility will be designed for
distribution efficiency and contain 5 rail doors serviced by a
double rail spur, 116 exterior truck doors and 232 trailer parking
spaces. "CenterPoint Intermodal Center continues to attract a wide
range of customers, especially those in the business of
transportation and distribution," said Sean Maher, Senior Vice
President of Development at CenterPoint. "DSC Logistics is one of
CenterPoint's largest and most valued customers. Ultimately, we
were able to provide their business with a state-of- the art
distribution solution at a competitive price." About CenterPoint
Properties CenterPoint is a publicly traded real estate investment
trust (REIT) and the largest industrial property company in the 1.3
billion-square-foot Chicago regional market. It currently owns and
operates approximately 32 million square feet and owns or controls
an additional 3,240 acres of land upon which 50 million square feet
could be developed. The Company is focused on providing unsurpassed
tenant satisfaction and adding value to its shareholders through
customer driven management, investment, development and
redevelopment of warehouse, distribution, light manufacturing
buildings and logistics infrastructure. The first major REIT to
focus on the industrial property sector, CenterPoint had a total
market capitalization of approximately $2.4 billion as of September
30, 2003. Statements in this release, which are not historical, may
be deemed forward-looking statements under federal securities laws.
There can be no assurance that future results will be achieved and
actual results could differ materially from forecasts and
estimates. Factors that could cause actual results to differ
materially are general business and economic conditions, completion
of pending acquisitions, competitive market conditions, weather,
pricing of debt and equity capital markets and other risks inherent
in the real estate business. Such factors and others are listed in
the Company's Form 10-K or 10-Q. DATASOURCE: CenterPoint Properties
Trust CONTACT: John S. Gates, Jr., Co-Chairman & CEO, or Paige
H. Gilchrist, Vice President, External Affairs, both of CenterPoint
Properties Trust, +1-630-586-8101 Web site:
http://www.centerpoint-prop.com/
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