OAK BROOK, Ill., Dec 16, 2003 /PRNewswire-FirstCall via COMTEX/
CenterPoint Properties Trust (NYSE: CNT) announced the acquisition of four buildings purchased from Caterpillar Inc. (NYSE: CAT). The 2.9 million square feet of industrial space is located on 280 acres just east of the I-55/I-80 intersection adjacent to the Empress Casino on the Des Plaines River in Joliet, IL.
Caterpillar is the world's largest producer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The four building industrial complex is home to Caterpillar's hydraulics and hydraulic systems manufacturing process, one of the core components of its earth moving equipment. Caterpillar has signed a long-term lease with CenterPoint to continue operations at the site.
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Saturday, December 20, 2003
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