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Shure, We'll Take It

Class-A Building Acquired in $28 Million Dollar Deal
By Stephen Kronfeld
June 3, 2002 | 8:51 P.M.

CenterPoint Properties Trust sold the former HALO headquarters building at 5800 Touhy Ave. in Niles, IL, for $28 million. Shure Inc., an Evanston, IL-based microphone and audio electronic manufacturer, is acquiring the 267,000-square-foot office building. As part of the purchase agreement, CenterPoint will acquire Shure's existing 206,000 square feet of industrial facilities. Shure agreed to lease back that space for one year.

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