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CenterPoint Properties to Build Crothall's First Build-to-Suit Laundry Facility

Thursday, August 26, 2010 General News J E 4
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OAK BROOK, Ill., Aug. 25 CenterPoint Properties announced today that Crothall Laundry Services, Inc. has signed a build-to-suit lease for an 82,950 square feet building on a 5.64-acre site located in the Creekside Corporate Park, Oak Creek, WI. The building will be developed by CenterPoint Properties.

Crothall Laundry Services, a division of Crothall Healthcare, is the second-largest healthcare laundry provider in the U.S. Headquartered in Wayne, Pennsylvania; Crothall Healthcare is the highest quality provider of comprehensive facility and support services to healthcare customers. Founded in 1991 and acquired in 2001 by global hospitality services leader Compass Group, PLC, the company is responsible for processing more than 450 million pounds of linen annually. To learn more about the company and its services, contact Crothall at 800-447-4476 or online at www.crothall.com.

"Crothall is excited to be investing in the Oak Creek community to build our first laundry facility from the ground up. This commitment would not be possible without the support and partnership of Aurora Health Care. We anticipate that this will be a great opportunity to share in their future success and that of the area's other great healthcare providers. This state-of-the-art facility will utilize the industry's most environmentally friendly equipment, processes, and chemicals, and will support the community by creating jobs at a time when they are most needed," said Crothall Healthcare President Steve Carpenter.

"We are pleased that Crothall Laundry Services has selected CenterPoint Properties to develop their first ground up laundry facility. The Creekside Corporate Park is ideally located in Oak Creek and provides excellent access to Ryan Road and I-94. Crothall's facility will be developed using current environmental friendly construction techniques. We are delighted to partner with them and help meet our client need for an environmentally responsible facility" says Edward Harrington, Senior V.P. of Development of CenterPoint Properties.

Scott Furmanski, First Vice President of CBRE said "I knew Centerpoint not only had a great site, but also the expertise and financial wherewithal to deliver to our client, Crothall Laundry Services, a state of the art facility which will be among the country's most technologically advanced and environmentally advanced facilities of its sort in the United States."

About CenterPoint Properties Trust

CenterPoint is the largest owner, manager and developer of industrial real estate in metropolitan Chicago with 26 branded business parks. With our affiliates, we own and manage more than 29.6 million square feet of customers and have an additional 9,706 acres of land for future development. With a strong franchise in this market, we remain the go to firm for brokers and customers. While we remain very committed to Chicago, our expertise in intermodal and transportation-related development is leading us to other U.S. markets for similar development opportunities.

SOURCE CenterPoint Properties
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