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Changing The Chain

Changing The Chain
CenterPoint's Brian McKiernan and Schneider Logistics' Todd Ericksrud

CenterPoint Properties' Brian McKiernan and Schneider Logistics's Todd Ericksrud  took advantage of the props allowed them at yesterday's CoreNet monthly meeting, explaining that the way bottled water gets to the conference room table is changing. More and more logistics companies, they say, are using freight trains and intermodals to get their product where it's going. CenterPoint helped Wal-Mart  build a 3.4M SF International Distribution Center near its intermodal, and says the company considered the $11M/year rent a good deal because the land was eight miles closer to the train tracks than another, much cheaper land option. The cost of gas to get their containers from the railyard to DC would have been more than $11M.

Becknell Development's Brian Hayes, Avison Young's Michael McKiernan, SCGroup's Stephen Stoner and Ware Malcomb's Cameron Trefry
We snapped Becknell Development's Brian Hayes, Avison Young's Michael McKiernan, SCGroup's Stephen Stoner and Ware Malcomb's Cameron Trefry at the breakfast. Brian says his company is developing new distribution centers in Minnesota and California and has developments in Northwest Indiana that have stabilized. Stephen recently started his own consulting firm in suburban Chicago.