CHICAGO, Ill. (March 23, 2017) - Perkins Coie served as bond counsel to the Illinois Finance Authority for an additional $130 million tranche of tax-exempt bonds issued to finance further expansion and improvement 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 fourth federal private activity bond financing for CenterPoint’s intermodal park, with the four tranches of tax exempt bond financings totaling $455 million. The CenterPoint Joliet Intermodal Park, a 4,000-acre tract of land, 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 15 million square feet of related industrial and storage facilities, container storage yards and export facilities. The site is 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 Christine Biebel.

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