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CenterPoint Properties could sell industrial portfolio for up to $500M

CenterPoint Properties is looking to sell a 27-building industrial portfolio encompassing 5.9 million square feet in the Chicago area and Wisconsin that could trade for as much as $500 million, Real Estate Alert reported.

Of the properties, 16 buildings totaling 3.3 million square feet are in Greater Chicago, while the rest are in Milwaukee and its Racine suburb, the news outlet noted, adding that the space is 94% leased overall.