CenterPoint Properties Announces Record Date for Special Shareholder Meeting

CenterPoint Properties Trust (NYSE:CNT) announced today
that the special shareholder meeting to consider a proposal to approve
the previously announced merger with CalEast Industrial Investors LLC
("CalEast") will be held at 1808 Swift Drive, Oak Brook, Illinois on
Tuesday, March 7, 2006 at 2:00 p.m., Central Standard Time. The Board
of Trustees has fixed the close of business on February 2, 2006 as the
record date for determining shareholders entitled to vote at the
special meeting. A proxy statement containing information about the
special meeting and the merger will be mailed to shareholders.
Shareholders are urged to read the proxy statement when it becomes
available.

   About CenterPoint Properties Trust

   CenterPoint is a publicly traded real estate investment trust
(REIT) and the largest industrial property company in the
1.4-billion-square-foot Chicago regional market. As of September 30,
2005, the Company owned approximately 38 million square feet and the
Company and its affiliates owned or controlled an additional 3,053
acres of land upon which approximately 44.1 million square feet could
be developed. The Company is focused on providing unsurpassed tenant
satisfaction and adding value to its shareholders through customer
driven management, investment, development and redevelopment of
warehouse, distribution, light manufacturing buildings and logistics
infrastructure. The first major REIT to focus on the industrial
property sector, CenterPoint has a total market capitalization of
approximately $3.0 billion.

   Additional Information about the Merger and Where to Find It

   In connection with the proposed merger of CenterPoint Properties
Trust with CalEast Industrial Investors LLC, CenterPoint intends to
file relevant materials with the SEC, including a proxy statement.
INVESTORS AND SECURITY HOLDERS OF CENTERPOINT ARE URGED TO READ THESE
MATERIALS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION ABOUT CENTERPOINT, CALEAST, AND THE MERGER. The
proxy statement and other relevant materials (when they become
available) and any other documents filed by CenterPoint with the SEC
may be obtained free of charge at the SEC's website at
http://www.sec.gov. In addition, investors and security holders may
obtain free copies of the documents filed with the SEC by CenterPoint
by contacting Paige Gilchrist, CenterPoint's V.P., External Affairs at
[e-mail] or [phone] or accessing CenterPoint's
website at http://www.centerpoint-prop.com. Investors and security
holders are urged to read the proxy statement and the other relevant
materials when they become available before making any voting or
investment decision with respect to the merger.
   Proxies may be solicited on behalf of CenterPoint by members of
its Board of Trustees and executive officers. Information about such
persons can be found in CenterPoint's definitive proxy statement
relating to its 2005 Annual Meeting of Shareholders, which was filed
with the SEC on April 19, 2005 and may be obtained free of charge at
the SEC's website at http://www.sec.gov or at CenterPoint's website at
http://www.centerpoint-prop.com.
   This communication shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such jurisdiction.