Retired CenterPoint CEO Signs with Blackstone

CHICAGO—Michael Mullen, who retired last year as CEO and vice chairman at Oak Brook, Ill.-based CenterPoint Properties, has joined locally based IndCor Properties as a board member and senior advisor.

According to a statement by IndCor, a division of Blackstone Real Estate Portfolio Co., Mullen will assist in the company’s focus on growing its 83 million sq. ft. national industrial platform. He will start on the board Jan. 1, 2013.

Blackstone officials said in the statement that Mullen is one of the most experienced investors and managers of industrial property in the United States today. “Mike is the perfect addition to our talented management platform and will be invaluable as we build IndCor into the country’s premier industrial property company,” said Tim Beaudin, CEO of IndCor.

Mullen, 58, has developed or redeveloped more than 70 million square feet of industrial facilities, and participated in more than $8 billion of real estate transactions, including the development of three of the largest intermodals in North America, two for the Union Pacific Railroad and one for the BNSF Railway.

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