Chicago & Midwest + Greater Chicagoland + Industrial | August 8, 2022

LL Capital Markets closed the sale of an eight-property industrial portfolio in Pleasant Prairie, WI and North Chicago, IL

CenterPoint Sells Eight-Property Industrial Portfolio to EQT Exeter

JLL Capital Markets closed the sale of an eight-property, Class A industrial portfolio totaling 3,825,589 square feet of existing assets and 144 acres of land in Pleasant Prairie, WI and North Chicago, IL. The sellers were CenterPoint Properties and a confidential partner. EQT Exeter acquired the portfolio.

The eight properties are fully leased to nine tenants and offer users benefits including 32’ average clear heights, ample loading and fully circulating truck courts. The portfolio also includes six land sites in Pleasant Prairie totaling 144 acres.

The JLL Capital Markets Investment Sales and Advisory team representing the sellers was led by senior managing director and industrial group leader John Huguenard and senior director Kurt Sarbaugh.

“As one of the largest transactions recently completed in the Chicago marketplace, this is a great endorsement of the continued growth of the Chicago industrial market,” said Huguenard.

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Inside The Story

JLL's Huguenard

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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