Molto Properties acquires 79 acres in Minooka

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

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 Oakbrook Terrace-based Molto Properties.

Powers said 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.