Molto Properties Acquires 79 Acres In Minooka

Molto Properties has purchased 79 acres of vacant land located along McLindon Road in Minooka, IL.

Site improvements will begin Spring of 2017 to prepare for the development of a 1.3 million square foot industrial building.

“The site is situated along the I-80 Corridor in an attractive location for logistics, especially larger regional or national distributors” says Mike Powers, Senior Principal and Chief Investment Officer at Molto Properties.

Powers further stated that build-to-suit activity has picked up in the I-80 Corridor recently, and there is a growing demand for larger distribution buildings.

Jim Estus with Colliers International represented Molto Properties in the transaction. Lynn Reich with Colliers represented the Seller.


Read our other news:

JOE GROZIER APPOINTED AS SENIOR ANALYST AT MOLTO PROPERTIES

Molto Properties is pleased to announce the appointment of Joe Grozier as Senior Analyst. His expertise and comprehensive understanding of the real estate market coupled with his strong analytical skill, make him a valuable asset… Read more about JOE GROZIER APPOINTED AS SENIOR ANALYST AT MOLTO PROPERTIES

MOLTO PROPERTIES RECOGNIZES OUTSTANDING ACHIEVEMENTS AND PROMOTES ANTHONY CINCINELLI TO EXECUTIVE VICE PRESIDENT OF CONSTRUCTION AND DEVELOPMENT

Molto Properties is proud to announce the promotion of Anthony Cincinelli to the position of Executive Vice President of Construction and Development. This well-deserved promotion reflects Cincinelli’s notable contributions, dedication, and commitment to excellence within… Read more about MOLTO PROPERTIES RECOGNIZES OUTSTANDING ACHIEVEMENTS AND PROMOTES ANTHONY CINCINELLI TO EXECUTIVE VICE PRESIDENT OF CONSTRUCTION AND DEVELOPMENT