{"id":1004746751,"date":"2025-02-11T04:27:44","date_gmt":"2025-02-11T12:27:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004746751"},"modified":"2025-02-11T07:03:19","modified_gmt":"2025-02-11T15:03:19","slug":"centerpoint-secures-nearly-1-msf-tenant-in-chicagoland","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/","title":{"rendered":"CenterPoint Secures 1 MSF Tenant in Chicagoland"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1351\" height=\"1013\" data-attachment-id=\"1004746752\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/2903-schweitzer_aerial-1920x1013-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg\" data-orig-size=\"1351,1013\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2903-Schweitzer_aerial-1920&#215;1013 (1)\" data-image-description=\"&lt;p&gt;Property at 2903 Schweitzer Road, Joliet, Ill.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The facility is inside the CenterPoint Intermodal Center, which is designated as a Foreign Trade and Enterprise Zone. Image courtesy of CenterPoint Properties &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg\" alt=\"Aerial shot of CenterPoint Properties' industrial facility in Joliet, Ill. \" class=\"wp-image-1004746752\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg 1351w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1351px) 100vw, 1351px\" \/><\/a><figcaption class=\"wp-element-caption\">The facility is inside the CenterPoint Intermodal Center, which is designated as a Foreign Trade and Enterprise Zone.<em> Image courtesy of CenterPoint Properties <\/em><\/figcaption><\/figure><\/div>\n\n\n<p>CenterPoint Properties has signed a full-building lease with 3PL firm RJW Logistics Group for a 976,954-square-foot industrial facility in Joliet, Ill. NAI Hiffman represented the owner.<\/p>\n\n\n\n<p>The property is at 2903 Schweitzer Road inside the 6,400-acre CenterPoint\u2019s Intermodal Center \u2013 Joliet\/Elwood, North America\u2019s largest inland port.<\/p>\n\n\n\n<p>BNSF Railway and Union Pacific Railroads operate within the park, while U.S. Route 6 and Interstate 80 are about 3 miles from RJW\u2019s newly leased facility. Downtown Chicago is some 50 miles northeast.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-report-january-2025-commercialedge\/\">Industrial Sector Transitions as Supply Shrinks<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The cross-dock building features 40-foot clear heights, 70-foot speed bays, four drive-in doors, 100 loading docks, as well as 220 trailer and 387 car parking spots, among others.<\/p>\n\n\n\n<p>RJW&#8217;s newest distribution center is part of its rapid expansion. As of December, the firm had more than 7.3 million square feet of warehouse space across the Chicago and Dallas transportation hubs.<\/p>\n\n\n\n<p>NAI Hiffman Executive Vice Presidents Dan Leahy and Adam Roth represented the owner. The team negotiates on behalf of CenterPoint all the leases inside the master-planned intermodal development.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-windy-city-s-industrial-leasing-activity-slows-down\">Windy City&#8217;s industrial leasing activity slows down<\/h2>\n\n\n\n<p>Chicago industrial leases dropped 25.8 percent year-over-year to 26.8 million square feet in 2024, according to a fourth-quarter report by Cushman &amp; Wakefield. Manufacturing, transportation and warehousing companies comprised the bulk of activity, accounting for 62.9 percent of the new deals signed last year.<\/p>\n\n\n\n<p>Agreements past the 250,000-square-foot mark decreased to 16 in 2024, down from 26 in 2023, the report revealed. John B. Sanfilippo &amp; Son Inc. signed one such lease last June, when the food industry company <a href=\"https:\/\/www.commercialsearch.com\/news\/venture-one-leases-445-ksf-at-chicago-industrial-asset\/\">committed to 444,600 square feet<\/a> at Venture One\u2019s 729,823-square-foot facility in Huntley, Ill.<\/p>\n\n\n\n<p>As fewer deals closed, the vacancy rate climbed 20 basis points over the year, reaching 4.7 percent in December, the same source shows. Despite increasing, the index remained on par with the 10-year average of 4.7 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This facility is within North America\u2019s largest inland port.<\/p>\n","protected":false},"author":3471,"featured_media":1004746752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,21748,13,21742],"tags":[36217,33414],"class_list":["post-1004746751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-industrial","category-midwest","category-latest","tag-centerpoint-properties","tag-nai-hiffman"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CenterPoint Secures 1 MSF Tenant in Chicagoland - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"RJW Logistics Group signed a full-building lease at CenterPoint Properties&#039; industrial facility in Joliet, Ill.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CenterPoint Secures 1 MSF Tenant in Chicagoland\" \/>\n<meta property=\"og:description\" content=\"RJW Logistics Group signed a full-building lease at CenterPoint Properties&#039; industrial facility in Joliet, Ill.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-11T12:27:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-11T15:03:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1351\" \/>\n\t<meta property=\"og:image:height\" content=\"1013\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/\",\"name\":\"CenterPoint Secures 1 MSF Tenant in Chicagoland - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg\",\"datePublished\":\"2025-02-11T12:27:44+00:00\",\"dateModified\":\"2025-02-11T15:03:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66\"},\"description\":\"RJW Logistics Group signed a full-building lease at CenterPoint Properties' industrial facility in Joliet, Ill.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg\",\"width\":1351,\"height\":1013,\"caption\":\"The facility is inside the CenterPoint Intermodal Center, which is designated as a Foreign Trade and Enterprise Zone. Image courtesy of CenterPoint Properties\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CenterPoint Secures 1 MSF Tenant in Chicagoland\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66\",\"name\":\"Claudiu Tiganescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54\",\"caption\":\"Claudiu Tiganescu\"},\"description\":\"Claudiu Tiganescu is an Associate Editor with Multi-Housing News and Commercial Property Executive. With a Bachelor's in English, a minor in Norwegian, and a Master's in linguistics, Claudiu is your go-to source for the latest commercial real estate news, particularly in the affordable, single-family rental, conversions and industrial sectors. You may reach him at claudiu.tiganescu@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/claudiu-tiganescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CenterPoint Secures 1 MSF Tenant in Chicagoland - Commercial Property Executive","description":"RJW Logistics Group signed a full-building lease at CenterPoint Properties' industrial facility in Joliet, Ill.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/","og_locale":"en_US","og_type":"article","og_title":"CenterPoint Secures 1 MSF Tenant in Chicagoland","og_description":"RJW Logistics Group signed a full-building lease at CenterPoint Properties' industrial facility in Joliet, Ill.","og_url":"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-02-11T12:27:44+00:00","article_modified_time":"2025-02-11T15:03:19+00:00","og_image":[{"width":1351,"height":1013,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg","type":"image\/jpeg"}],"author":"Claudiu Tiganescu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/","url":"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/","name":"CenterPoint Secures 1 MSF Tenant in Chicagoland - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg","datePublished":"2025-02-11T12:27:44+00:00","dateModified":"2025-02-11T15:03:19+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66"},"description":"RJW Logistics Group signed a full-building lease at CenterPoint Properties' industrial facility in Joliet, Ill.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg","width":1351,"height":1013,"caption":"The facility is inside the CenterPoint Intermodal Center, which is designated as a Foreign Trade and Enterprise Zone. Image courtesy of CenterPoint Properties"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/centerpoint-secures-nearly-1-msf-tenant-in-chicagoland\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"CenterPoint Secures 1 MSF Tenant in Chicagoland"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66","name":"Claudiu Tiganescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54","caption":"Claudiu Tiganescu"},"description":"Claudiu Tiganescu is an Associate Editor with Multi-Housing News and Commercial Property Executive. With a Bachelor's in English, a minor in Norwegian, and a Master's in linguistics, Claudiu is your go-to source for the latest commercial real estate news, particularly in the affordable, single-family rental, conversions and industrial sectors. You may reach him at claudiu.tiganescu@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/claudiu-tiganescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/2903-Schweitzer_aerial-1920x1013-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004746751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3471"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004746751"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004746751\/revisions"}],"predecessor-version":[{"id":1004746851,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004746751\/revisions\/1004746851"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004746752"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004746751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004746751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004746751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}