CNT Centerpoint Pty Sbi

CenterPoint Announces Build-to-Suit for DSC Logistics at CenterPoint Intermodal Center OAK BROOK, Ill., Nov. 11 /PRNewswire-FirstCall/ -- CenterPoint Properties Trust today announced plans to develop a new Logistics Center for DSC Logistics at CenterPoint Intermodal Center in Elwood, Illinois. DSC Logistics, a leading supply chain management company headquartered in Des Plaines, has signed a long-term lease for over 700,000 square feet. Construction of the facility is expected to be completed in July of 2004. DSC will use the facility primarily to service its Unilever Bestfoods North America account. As a leading manufacturer of food products, Unilever requires a new food-grade building to distribute their products. After searching sites in 8 different Illinois counties, DSC chose CenterPoint Intermodal Center based on its direct rail service, Foreign Trade Zone status and competitive price. The facility will be designed for distribution efficiency and contain 5 rail doors serviced by a double rail spur, 116 exterior truck doors and 232 trailer parking spaces. "CenterPoint Intermodal Center continues to attract a wide range of customers, especially those in the business of transportation and distribution," said Sean Maher, Senior Vice President of Development at CenterPoint. "DSC Logistics is one of CenterPoint's largest and most valued customers. Ultimately, we were able to provide their business with a state-of- the art distribution solution at a competitive price." About CenterPoint Properties CenterPoint is a publicly traded real estate investment trust (REIT) and the largest industrial property company in the 1.3 billion-square-foot Chicago regional market. It currently owns and operates approximately 32 million square feet and owns or controls an additional 3,240 acres of land upon which 50 million square feet could be developed. The Company is focused on providing unsurpassed tenant satisfaction and adding value to its shareholders through customer driven management, investment, development and redevelopment of warehouse, distribution, light manufacturing buildings and logistics infrastructure. The first major REIT to focus on the industrial property sector, CenterPoint had a total market capitalization of approximately $2.4 billion as of September 30, 2003. Statements in this release, which are not historical, may be deemed forward-looking statements under federal securities laws. There can be no assurance that future results will be achieved and actual results could differ materially from forecasts and estimates. Factors that could cause actual results to differ materially are general business and economic conditions, completion of pending acquisitions, competitive market conditions, weather, pricing of debt and equity capital markets and other risks inherent in the real estate business. Such factors and others are listed in the Company's Form 10-K or 10-Q. DATASOURCE: CenterPoint Properties Trust CONTACT: John S. Gates, Jr., Co-Chairman & CEO, or Paige H. Gilchrist, Vice President, External Affairs, both of CenterPoint Properties Trust, +1-630-586-8101 Web site: http://www.centerpoint-prop.com/

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