EQT Exeter Acquires Gurnee Industrial Complex From CenterPoint For $72M

CenterPoint Properties has sold a Chicagoland industrial complex in Gurnee to EQT Exeter for $72 million. The acquisition includes four warehouses spanning 740,000 square feet. The property is located at 705, 1001 Tri State Parkway, 5605 & 5750 Centerpoint Court in the Gurnee market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $72,000,000
• Address: 705, 1001 Tri State Parkway, 5605 & 5750 Centerpoint Court
• Market: Gurnee

Ward Fitzgerald of EQT Exeter acted as the buyer in the transaction, while Bob Chapman represented CenterPoint as the seller. The sale price for the industrial complex was $72 million, with a price per square foot of $97. EQT Exeter's acquisition is part of its ongoing investment in Midwest warehousing, having already spent over $670 million on similar acquisitions, including a seven-property portfolio in Joliet in September 2022.