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Pricing Supplement Dated March 12, 1999 Rule 424(b)(3)
(To Prospectus Dated April 13, 1998
and Prospectus Supplement dated October 23, 1998) File No. 333-49359
CenterPoint Properties Trust
Medium-Term Notes - Fixed Rate
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Principals: Lehman Brothers, NationsBanc Montgomery Securities LLC,
First Chicago Capital Markets, Inc., First Union
Capital Markets
Principal Amount: $100,000,000.00
Principals' Discount
or Commission: $600,000.00
Net Proceeds to Company: $99,330,000.00
Interest Rate: 7.125% per annum
Issue Date: 03/15/1999
Maturity Date: 03/15/2004
Interest Payment Dates: The 15th day of each March and September and at
Maturity, commencing September 15, 1999 and ending on
the Maturity Date.
CUSIP No. 15189PAA3
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Calculation Agent: CenterPoint
Interest Calculation:
/X/ Regular Fixed Rate Note
Day Count Convention:
/ / Actual / 360 for the period from / / to / /
/ / Actual / Actual for the period from / / to / /
/X/ 30 /360 for the period from 03/10/99 to 03/15/04
Redemption:
/X/ The Notes cannot be redeemed prior to the Stated Maturity Date.
/ / The Notes may be redeemed prior to Stated Maturity Date.
/ / Initial Redemption Date:
Initial Redemption Percentage: _____%
Annual Redemption Percentage Reduction: ____% until Redemption
Percentage is 100% of the Principal Amount.
Repayment:
/X/ The Notes cannot be repaid prior to the Maturity Date.
/ / The Notes can be repaid prior to the Maturity Date at the option of
the holder of the Notes. (See Below)
/ / Option Repayment Date(s):
Repayment Price:___ %
Currency:
Specified Currency: U.S. (If other than U.S. dollars, see attached)
Minimum Denominations: __________ (Applicable only if Specified Currency is
other than U.S. dollars)
Original Issue Discount: /X/ Yes / / No
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Total Amount of OID: $70,000 Yield to Maturity: 7.142%
Form: /X/ Book-Entry / / Certificated
Other: /X/ Principal / / Agent
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