This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CenterPoint Properties Announces 306,805 Square Foot Build-to-Suit In McCook, IL

OAK BROOK, Ill., Nov. 16, 2011 /PRNewswire/ -- CenterPoint Properties is pleased to announce that Lawson Products (NASDAQ: LAWS) will lease a modern build-to-suit packaging and distribution center in McCook, Illinois.  CenterPoint will immediately break ground on the 306,805 square foot facility at the CenterPoint Business Center – McCook.  The company will lease the entire distribution facility with construction expected to be completed in August 2012. Colliers International represented Lawson on long term lease transaction.

"We were pleased to partner with a leading national industrial real estate development firm.  CenterPoint understood our business needs and is building a state-of-the-art facility that will be foundational for our long-term, sustained growth," said Lawson Products CEO Tom Neri.

Lawson Products (Lawson) is a North American distributor of products and services to the industrial, commercial, institutional, and governmental maintenance, repair and operations (MRO) marketplace. With this move, Lawson will consolidate three of their current Chicago area distribution centers. After considering a variety of locations across the Chicago area, Lawson chose McCook, Illinois for its ability to allow the company to better manage its strategic and logistic objectives.

"We continue to see a strong demand for modern distribution parks that allow companies to take advantage of logistics and transportation savings.  CenterPoint Business Center – McCook again demonstrates its strategic and location advantages for companies seeking modern warehouse and distribution facilities," said Edward Harrington, Senior Vice President for CenterPoint Properties Trust.

CenterPoint Business Center – McCook is a 242 acre redevelopment that is CenterPoint's second industrial park in McCook, Illinois. The development, which broke ground in 2005, has proven to be remarkably successful attracting users seeking sizeable, modern, efficient sites to construct state-of-the-art facilities in a first class setting. Located at the intersection of 1st Avenue and the Stevenson Expressway (I-55), McCook Business Center is ideal for a wide variety of industrial users. To date over 2 million square feet has been developed in the park.  In addition, the park provides proximity to a large skilled labor pool in the nearby communities, and benefits from a central location in the heart of Chicago's transportation infrastructure.

About CenterPoint Properties

CenterPoint Properties is focused on the development, ownership and intensive management of industrial real estate and related rail, road and port infrastructure. They add value to their customers through forward-thinking solutions aimed at enhancing supply chain and operating efficiencies.  They seek long term relationships with customers, public and private business partners, internal colleagues and the communities where we invest and operate.   The Company recently won NAIOP's Developer of the Year and also received IANA's Intermodal Achievement Award, which recognizes outstanding contributions towards the advancement of the intermodal freight transportation industry. For more information on CenterPoint Properties, visit www.centerpoint.com.

SOURCE CenterPoint Properties

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,126.12 -36.87 -0.20%
S&P 500 2,120.79 -2.69 -0.13%
NASDAQ 5,097.9760 -8.6170 -0.17%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs