SOLD
Stonepeak Acquires Industrial Portfolio In Elwood From CenterPoint Properties For $12.5M
26318-26634 South Walton Drive, 21561 & 26634 Mississippi Avenue
Industrial
6,800,000 SF
6,800,000 SF
Sold 20 days ago
Summary
Sale
ILLINOIS
Industrial
6,800,000 sqft
The industrial property involved in the transaction is located at 26318-26634 South Walton Drive and 26634 Mississippi Avenue in Elwood. The property spans 1,700,000 square feet and was sold for $12,500,000, resulting in a price per square foot of $7.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,500,000
- Buyer: Michael Dorrell - Stonepeak
- Seller: Bob Chapman - CenterPoint Properties
- Address: 26318-26634 South Walton Drive, 21561 & 26634 Mississippi Avenue
- Market: Elwood
Stonepeak, an NYC-based investment firm, made the acquisition from CenterPoint Properties for $125 million, purchasing a 1.7 million-square-foot rail-served logistics portfolio in Chicago. The properties are strategically positioned near major railroads and highways, aligning with Stonepeak's focus on supply chain real estate.
Details
SOLD
IMAGE: Bob Chapman & Michael Dorrell
DATE: 04/19/2024
ADDRESS: 26318-26634 South Walton Drive, 21561 & 26634 Mississippi Avenue
MARKET: Elwood
ASSET TYPE: Industrial
BUYER: Michael Dorrell - Stonepeak
SELLER: Bob Chapman - CenterPoint Properties (@CenterPointProperties)
SALE PRICE: $12,500,000
SF: 1,700,000 ~ PPSF: $7
NOTE: Stonepeak, an NYC-based investment firm, acquired a 1.7 million-square-foot rail-served logistics portfolio in Chicago from CenterPoint Properties for $125 million. Situated in Elwood, Ill., the properties are part of the CenterPoint Intermodal Center, the largest inland port in North America, strategically positioned near major railroads and highways, supporting Stonepeak's focus on supply chain real estate.View on map
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Address26318-26634 South Walton Drive, 21561 & 26634 Mississippi Avenue
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