Molto sells Joliet property

OAKBROOK TERRACE - Molto Properties recently sold the property at 3451 Chicago St. in Joliet to Midwest Warehouse and Distribution System, Inc.

Terms of the transaction were not announced

The facility was built in 2007 and totals 575,024 square feet. Its prime location sits five miles from the BNSF Intermodal Elwood Terminal, with access to I-80 & I-55. Molto Properties purchased the facility vacant. In 2014, it leased 209,179 square feet to Otis Elevator Co. a client of Cushman and Wakefield's.

"We chose to purchase this facility due to the proximity to intermodal yards and access to interstates, as well as the building's functionality which includes a 32' clear height, cross-docked layout and ample trailer storage." Says Brad Borkowski, General Manager of Midwest Warehouse.

Timothy Thompson of HSA Commercial Real Estate represented Midwest Warehouse, while Jason West and Sean Henrick of Cushman and Wakefield represented Molto Properties in the transaction.