CHICAGO, Ill. (January 28, 2016) - Perkins Coie served as bond counsel to the Illinois Finance Authority for an additional $100 million tranche of tax-exempt bonds issued to finance further expansion of the Joliet, Illinois Intermodal Park being developed by CenterPoint Properties Trust, a leader in the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. The current tranche of Bonds was the third federal private activity bond financing for CenterPoint’s intermodal park, with the three tranches of tax exempt bond financings totaling $325 million. The CenterPoint Joliet Intermodal Park, which is still under active development on a 4,000-acre tract of land, already is the largest inland port in the United States, consisting of approximately an 835-acre Class I railroad intermodal facility, 450 acres of onsite container/equipment management facilities and almost 20 million square feet of related industrial and warehouse facilities, the site also being immediately adjacent to the Chicago-St. Louis Union Pacific Main Line Railroad.

The Perkins Coie team was led by Chicago partner Bruce Bonjour and Chicago senior counsel and municipal bond tax specialist, Marc Oberdorff.

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