{"id":1004771394,"date":"2025-09-15T05:25:23","date_gmt":"2025-09-15T13:25:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004771394"},"modified":"2025-09-16T10:51:42","modified_gmt":"2025-09-16T18:51:42","slug":"mapletree-plans-logistics-facility-in-chicago-suburbs","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mapletree-plans-logistics-facility-in-chicago-suburbs\/","title":{"rendered":"Mapletree Plans Logistics Facility in Chicago Suburbs"},"content":{"rendered":"\n<p>Singapore-based Mapletree Investments has acquired a 29.4-acre site in Joliet, Ill., where it intends to develop a 418,800-square-foot logistics facility.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/1035-W.-Laraway-Road_featured.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004771395\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mapletree-plans-logistics-facility-in-chicago-suburbs\/1035-w-laraway-road_featured\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/1035-W.-Laraway-Road_featured.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1757084215&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1035 W. Laraway Road_featured\" data-image-description=\"&lt;p&gt;Image came with the press release &#8211; https:\/\/www.mapletree.com.sg\/newsroom\/mapletree-acquires-29-36-acre-site-to-develop-418880-square-foot-logistics-facility-in-chicagos-joliet-submarket\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Mapletree Investments is planning to build a 418,800-square-foot logistics facility at 1035 W. Laraway Road in Joliet, Ill. Image courtesy of Mapletree Investments&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/1035-W.-Laraway-Road_featured.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/1035-W.-Laraway-Road_featured.jpg\" alt=\"Rendering of Mapletree\u2019s planned logistics facility at 1035 W. Laraway Road in Joliet, Ill.\" class=\"wp-image-1004771395\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/1035-W.-Laraway-Road_featured.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/1035-W.-Laraway-Road_featured.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/1035-W.-Laraway-Road_featured.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">Mapletree Investments is planning to build a 418,800-square-foot logistics facility at 1035 W. Laraway Road in Joliet, Ill. <em>Image courtesy of Mapletree Investments<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Mapletree indicated that the Class A building at 1035 W. Laraway Road will follow LEED standards and feature 40-foot clear heights, 80 dock doors, 100 trailer stalls and 172 car parking spaces.<\/p>\n\n\n\n<p>Construction is scheduled to commence in the second quarter of 2026, with completion slated for early 2027, the company told <em>Commercial Property Executive<\/em>.<\/p>\n\n\n\n<p>The property that Mapletree acquired is adjacent to an industrial building of about 15,000 square feet at Zenith Energy\u2019s Joliet Terminal. The terminal handles such products as crude oil and asphalts, by way of pipeline, rail or truck.\u00a0<\/p>\n\n\n\n<p>This acquisition is Mapletree\u2019s second this year in Chicago\u2019s Joliet submarket. In May, the company purchased an 18.1-acre site at 3600 Houbolt Road (formerly known as 23551 Vetter Road), where it plans to build a 276,000-square-foot warehouse.<\/p>\n\n\n\n<p>Both properties are near the I-80\/I-55 interchange and provide direct connectivity to the Joliet Intermodal Center, North America\u2019s largest inland port and home to both the Union Pacific and BNSF Joliet Intermodal Terminals.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-absorption-to-stay-positive-but-for-how-long\/\">Industrial Absorption to Stay Positive, but for How Long?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Vice Chairs Matthew Stauber and Steve Ostrowski of Colliers International represented the seller and worked directly with Mapletree to secure the transaction.<\/p>\n\n\n\n<p>Mapletree currently owns and manages over 10 million square feet of industrial assets in the Chicago metropolitan market.<\/p>\n\n\n\n<p>In April, Mapletree received subdivision and site plan approval to build a 149,100-square-foot logistics facility on an 8.2-acre parcel adjacent to its existing 400,000-square-foot warehouse at 1350 Munger Road in Chicago\u2019s North DuPage submarket. Groundbreaking is planned for this fall.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-both-buying-and-selling\">Both buying and selling<\/h2>\n\n\n\n<p>Farther afield, Mapletree earlier this month acquired a 37.6-acre site in Tobyhanna, Pa., adjacent to its existing 1.3 million-square-foot industrial asset at 2086 Corporate Center Drive West. Mapletree plans to develop a 420,262-square-foot logistics facility on the site, with delivery due in fall 2026.<\/p>\n\n\n\n<p>On the other side of the ledger, in July <a href=\"https:\/\/www.commercialsearch.com\/news\/mapletree-bags-241m-for-industrial-portfolio\/\">Mapletree sold a 2.4 million-square-foot industrial portfolio<\/a> to EQT Real Estate for $241.2 million. The portfolio comprises 10 bulk warehouse properties in the Sun Belt\u2014Florida, Georgia and Texas.<\/p>\n\n\n\n<p>The Chicagoland industrial space market is seeing more leasing activity, with 8.0 million square feet in the first quarter and 9.8 million in the second quarter, according to JLL. Meanwhile, speculative deliveries have been modest, at 1.1 million square feet in the second quarter, well below the build-to-suit volume of 2.5 million square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The development marks the company\u2019s second project in the Joliet submarket this year.<\/p>\n","protected":false},"author":882,"featured_media":1004771395,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21782,21748,13,21742],"tags":[35498,34056],"class_list":["post-1004771394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-development","category-industrial","category-midwest","category-latest","tag-colliers","tag-mapletree-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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