Molto Properties Breaking Ground on Big-Box Industrial in Minooka and Romeoville
Molto Properties is slated to break ground later this month on two logistics parks totaling more than two million square feet in Minooka and Romeoville, IL. VP Kevin Mohoney and senior principal Mike Powers will lead the multi-building projects.
Minooka Ridge Business Park will be a multi-phase logistics park that can accommodate up to 1.7 million square feet of new distribution facilities. Phase I construction includes a 1,159,670-square-foot, cross-dock distribution facility, with completion slated for the second quarter of 2023.
Molto is also developing Weber55 Logistics Park, a two-building logistics park in Romeoville. Building I will span 627,840 square feet, while Building II will be 270,000 square feet. Both are scheduled for Q2 2023 delivery.
“With existing big-box vacancy below 2% in both submarkets, the area remains greatly underserved,” said Mohoney.
Colliers’ Jim Estus and Matthew Stauber have been retained to market the projects for lease.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).