CenterPoint Properties Signs a Build-to-Suit for Lease With Stepan Company
CenterPoint Properties announced today that Stepan Company has signed a build-to-suit lease for a 217,712 square foot building on a 16.48-acre site in Joliet, IL. The building will be developed by CenterPoint Properties.
Stepan Company is a leading producer of specialty and intermediate chemicals used in household, industrial, personal care, agricultural, food and insulation related products. Headquartered in Northfield, Illinois, Stepan currently has over 1500 employees globally and utilizes a network of modern production facilities located in North and South America, Europe, China and the Philippines. Stepan is a publicly traded company with common and convertible preferred stocks traded on the New York and Chicago Stock Exchanges under the symbols SCL and SCLPR. For more information, visit Stepan’s website at http://www.stepan.com.
“We are pleased that the Stepan Company chose to locate within CIC-Joliet and work with CenterPoint Properties. The transportation savings and flexibility realized through the intermodal location will benefit Stepan and their global supply chain now and in the future,” said Michael Murphy, CenterPoint Properties.
“The transportation advantages of the development and the flexibility of CenterPoint on the structuring of the transaction made this work for both parties,” said Dan Leahy, NAI Hiffman.
Categories: Apartments, Philippine Real Estate Tags: center point properties philippines, CenterPoint Properties, real estate philippines
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