SOLD
EQT Exeter Acquires Gurnee Industrial Complex From CenterPoint For $72M
705, 1001 Tri State Parkway, 5605 & 5750 Centerpoint Court
Industrial
2,960,000 SF
2,960,000 SF
Sold 112 days ago
Summary
Sale
ILLINOIS
Industrial
2,960,000 sqft
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.
Details
SOLD
IMAGE: Bob Chapman & Ward Fitzgerald
DATE: 01/18/2024
ADDRESS: 705, 1001 Tri State Parkway, 5605 & 5750 Centerpoint Court
MARKET: Gurnee
ASSET TYPE: Industrial
BUYER: Ward Fitzgerald - EQT Exeter
SELLER: Bob Chapman - CenterPoint (@CenterPointProperties)
SALE PRICE: $72,000,000
SF: 740,000 ~ PPSF: $97
NOTE: CenterPoint Properties has sold a Chicagoland industrial complex in Gurnee to EQT Exeter for $72 million. EQT's acquisition includes four warehouses spanning 740,000 square feet, as part of its ongoing investment in Midwest warehousing, having spent over $670 million on similar acquisitions, including a seven-property portfolio in Joliet in September 2022.View on map
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Address705, 1001 Tri State Parkway, 5605 & 5750 Centerpoint Court
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