CenterPoint Issues $150MM of Notes

CenterPoint Properties Trust, Oak Brook, Ill., has issued $150 million of senior unsecured notes bearing an annual interest rate of 4.75%.The securities, due Aug. 1, 2010, have a yield to maturity of 4.771%, representing a spread of 117 basis points over the seven-year Treasury, CenterPoint said. The joint book-runners of the offering were Lehman Brothers and Wachovia Securities. CenterPoint is a real estate investment trust specializing in warehouse/industrial facilities in the Chicago region. It can be found online at http://www.centerpoint-prop.com.

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