EXHIBIT 21

SUBSIDIARIES OF THE REGISTRANT

CenterPoint
1301 Tower Road, LLC, a Delaware limited liability company

CenterPoint
342 Carol Lane, LLC, a Delaware limited liability company

CenterPoint
343 Carol Lane, LLC, a Delaware limited liability company

CenterPoint
388 Carol Lane, LLC, a Delaware limited liability company

CenterPoint
4300 Madison Street, LLC, a Delaware limited liability company

CenterPoint
550 Kehoe Blvd, LLC, a Delaware limited liability company

CenterPoint
Business Park-Gurnee Property Owners' Association, an Illinois property association

CenterPoint
Chicago Enterprise LLC, an Illinois limited liability company

CenterPoint
CMC Holdings, LLC, a Delaware limited liability company

CenterPoint
Downs Drive, LLC, a Delaware limited liability company

CenterPoint
East Chicago LLC, an Illinois limited liability company

CenterPoint
Hammond LLC, an Illinois limited liability company

CenterPoint
Intermodal, LLC, an Illinois limited liability company

CenterPoint
Joliet, LLC, an Illinois limited liability company

CenterPoint
Key, LLC, a Delaware limited liability company

CenterPoint
Medinah LLC, an Illinois limited liability company

CenterPoint
Midland, LLC, a Delaware limited liability company

CenterPoint
O'Hare L.L.C., an Illinois limited liability company

CenterPoint
Rochelle, LLC, an Illinois limited liability company

CenterPoint
Woodridge, LLC, a Delaware limited liability company

Chicago
International Produce Market Condominium Association, an Illinois limited liability company

Chicago
Manufacturing Campus II, LLC, a Delaware limited liability company

Chicago
Manufacturing Campus Owners Association, a Delaware limited liability company

CIC
at Deer Run Property Owners Association, an Illinois property association

CMC
Land Holding Company, LLC, a Delaware limited liability company

CMC
Manufacturing Campus Property Owners Association, an Illinois property association

CNT
Administrator, LLC, a Delaware limited liability company

CP
Financing Trust, a Maryland real estate investment trust

East
Chicago Partners, L.P., an Indiana limited partnership

Elk
Grove Limited Partnership, an Illinois limited partnership

Grandview
Business Park Owners' Association, an Illinois property association

Great
Lakes Industrial Partners, L.P., an Indiana limited partnership

McCook
I Property Owners Association, an Illinois property association

O'Hare
Tech Center II, LLC, an Illinois limited liability company

Prime
Aurora Business Park Association, an Illinois property association

Rochelle
Development Joint Venture LLC, a Delaware limited liability company

Rochelle
Development Lot 1, LLC, a Delaware limited liability company

The
Edge Venture, an Illinois general partnership

CenterPoint Realty Services Corporation, an Illinois corporation

CenterPoint
Business Park Owners Association, an Illinois property association

CenterPoint
Capital Funding, L.L.C., an Illinois limited liability company

CenterPoint
Equipment Capital Corporation, an Illinois corporation

CenterPoint
Harvard, LLC, a Delaware limited liability company

CenterPoint
Materials Corporation, an Illinois corporation

CenterPoint
Realty Management Corporation, an Illinois corporation

CenterPoint
Venture, L.L.C, a Delaware limited liability company

---



CenterPoint Venture, LLC, a Delaware limited liability company

CalEast
HD, L.L.C., a Delaware limited liability company

CalEast
HD, L.P., a Delaware limited liability company

CenterPoint
WISPARK Land Company, LLC, a Delaware limited liability company

HD
CenterPoint Venture, LP, a Texas limited partnership

---



QuickLinks