Mapletree Investments has acquired an 18.11-acre site on Vetter Road in Joliet, Illinois, where it plans to develop a premier logistics facility spanning 276,000 square feet.
Cushman & Wakefield’s Sean Henrick represented Mapletree in its land acquisition, while Henrick and Jason West, both Cushman & Wakefield Vice Chairs, will lead marketing efforts for the new property to prospective end users.
Strategically situated along the I-80 and I-55 interchange, the site offers convenient access to the Joliet Intermodal Center, North America’s largest and most active inland port, comprised of the Union Pacific Joliet Intermodal Terminal and BNSF Joliet Intermodal Terminal.
“This acquisition marks another milestone in our long-term strategy to drive growth through targeted development in key U.S. markets,” said Richard Prokup, Chief Executive Officer, U.S., Mapletree. Mapletree’s Chicago industrial portfolio comprises 65 assets totaling approximately 10.3 million square feet, forming part of the firm’s nationwide holdings.
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