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3/31/2010
Rail News: Rail Industry Trends
UP-served intermodal park lines up large tenant
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CenterPoint Properties has landed a large tenant for a Union Pacific Railroad-served logistics park in Joliet, Ill. Yesterday, the real estate developer announced that Stepan Co. signed a build-to-suit lease for a 217,712-square-foot building on a 16.5-acre site in CenterPoint Intermodal Center – Joliet.
Stepan Co. produces specialty and intermediate chemicals used in household, industrial, personal-care, agricultural, food and insulation-related products. The company cited the intermodal center’s transportation advantages as a primary reason for locating its building in Joliet.
UP is building a 785-acre intermodal terminal in the logistics park that’s designed to handle about 500,000 containers annually. The terminal’s initial phase is expected to be completed in June.
Stepan Co. produces specialty and intermediate chemicals used in household, industrial, personal-care, agricultural, food and insulation-related products. The company cited the intermodal center’s transportation advantages as a primary reason for locating its building in Joliet.
UP is building a 785-acre intermodal terminal in the logistics park that’s designed to handle about 500,000 containers annually. The terminal’s initial phase is expected to be completed in June.
