Chicago & Midwest + Midwest + Industrial | August 23, 2018

CenterPoint Secures 2 Renewals at WI Properties

CenterPoint Properties has secured two 24-month renewals with tenants at its Wisconsin properties. In an early lease renewal with Yaskawa America Inc. at 100 Oakwood Rd. in Oak Creek, WI, the tenant will occupy 100% of the 139,095-square-foot building.

“Yaskawa is a valued tenant, and we are happy to continue our longstanding relationship with this world-renowned company,” said CenterPoint VP Jim Shields. John Hauser of Avison Young represented Yaskawa, a global manufacturer of AC drives and motion control products, in the transaction.

Earlier this week, CenterPoint announced a renewal of comparable size at another Milwaukee-area property. APL Logistics renewed for two years at 8123 116th St. (pictured) in Pleasant Prairie, WI, within CenterPoint’s LakeView Corporate Park.

APL will continue occupying 134,170 square feet of 8123 116th’s 450,971-square-foot total. Mohr Partners represented APL in the transaction.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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