Edmund Cheng Of Mapletree Investments Acquires 29.4 Acres In Joliet For Logistics Facility

Mapletree Investments has acquired a 29.4-acre site located at 1035 West Laraway Road in the Joliet market. The anticipated development on this site includes a logistics facility that will cover 418,800 square feet and seek LEED certification.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 1035 West Laraway Road, Joliet
• Acres: 29.4
• Buyer: Edmund Cheng - Mapletree Investments
• Brokers: Matthew Stauber & Steve Ostrowski - Colliers

This transaction marks the second acquisition by Mapletree Investments in Joliet within the current year, contributing to its portfolio of over 10 million square feet of industrial assets in the Chicago market.