“This acquisition marks another milestone in our long-term strategy to drive growth through targeted development in key US markets,” says Richard Prokup, CEO of US operations of Mapletree.
Mapletree Investments announced on May 14 their acquisition of an 18.11-acre (788,871-sq ft) site in Chicago, Illinois, where the firm plans to develop a premier logistics facility spanning 276,000 sq ft.
Located on Vetter Road in the town of Joliet, Mapletree chose the site for its strategic location as the site lies along the I-80 and the I-55 interchange and offers convenient access to the Joliet Intermodal Centre which holds the title as North America’s largest and most active inland port.
