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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
[ ] Quarterly report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
[X] Transition report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (date of earliest event reported): December 24, 1997
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Commission file number 1-12630
CENTERPOINT PROPERTIES TRUST
Maryland 36-3910279
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
401 North Michigan Ave., Chicago, Illinois 60611
(312) 346-5600
(Registrant's telephone number, including area code)
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ITEM 5: OTHER EVENTS
Since the filing of the Company's Quarterly Report on Form-10Q for the
quarter ended September 30, 1997, the Company acquired 6 industrial
properties totaling an aggregate purchase price of approximately $43.6
million from unrelated parties during the period October 23, 1997 through
December 24, 1997, the closing date of the last industrial property acquired.
The 6 industrial properties are described below.
On October 23, 1997, the Company purchased a 118,041 square foot facility,
located in Romeoville, Illinois, from McKesson Corporation as a sale
leaseback for approximately $2.8 million.
On November 21, 1997, the Company purchased a 910,760 square foot facility
for redevelopment, located in Niles, Illinois, from General Electric --
England for approximately $18 million.
On December 1, 1997, the Company purchased a 120,292 square foot fully leased
facility, located in Des Plaines, Illinois, from Arthur Rogers & Co. for
approximately $9.2 million.
On December 5, 1997, the Company purchased a 46,973 square foot fully leased
building, located in West Allis, Wisconsin, from Graybar Electric for
approximately $1.4 million.
On December 12, 1997, the Company purchased a 210,000 square foot fully
leased facility, located in Racine, Wisconsin, from Warren Industries for
approximately $7.6 million.
All of the above mentioned acquisitions were funded with advances on the
Company's line of credit with the First National Bank of Chicago and Lehman
Brothers Holdings as documentation agent.
On December 24, 1997, the Company purchased a 95,220 square foot fully leased
building, located in Des Plaines, Illinois, from Sherwin Limited Partnership
for approximately $4.6 million. This property was funded with working capital.
ITEM 7: FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
It is impracticable to provide the Audit Report of the acquired properties
and the Company's Pro Forma financial information at this time. Those
exhibits will be filed by February 12, 1998 or as they are completed.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CENTERPOINT PROPERTIES TRUST
A Maryland Real Estate Investment Trust
By /s/ Paul S. Fisher
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Paul S. Fisher
Executive Vice President and
Chief Financial Officer
December 30, 1997 (Principal Accounting Officer)
