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Materials Super-Hub Owned by Keating Sold to Centerpoint

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JOLIET, ILLINOIS

POWC, a 55-acre industrial park, was previously owned and leased by the Naples, Florida-based commercial property leasing company, Keating Resources. The materials super-hub was home to an aggregate mine, fly ash storage silos, ready-mix plants, a grain container loading facility and a 300,000-gallon water tower. Keating Resources leased areas of the industrial park to logistics and container companies working with the Union Pacific and BNSF Intermodal facilities of Joliet, IL and Elmwood, IL. The fully leased industrial park was then sold by POWC to CenterPoint Properties in September of 2012.

Keating Resources, with offices in Naples, Florida, Atkinson, Nebraska, and Geneva, Illinois, invests in value add real estate assets of all types with existing or near term cash flow located in right to work states. Owner and CEO, Gerard Keating, is a fifth generation entrepreneur with a Bachelor of Science degree in Business Administrative.

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