This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Stocks in this article: LAWS

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

SOURCE CenterPoint Properties

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 This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,086.30 +56.09 0.31%
S&P 500 2,092.06 +10.18 0.49%
NASDAQ 4,813.3650 +39.8930 0.84%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs