Colliers’ Jeff Devine and Steve Disse represented Molto Properties in the sale of two recently constructed, Class A industrial buildings totaling 897,840 square feet. The buildings are located in the Weber 55 Logistics Park at the corner of Weber and Taylor Roads in Romeoville, Illinois. The buyer was an institutional investor advised by Principal Asset Management.
Weber 55 Logistics Park is a 60-acre campus consisting of a 627,840-square-foot cross docked single-tenant building leased to RJW Logistics and a 270,000-square-foot rear-loaded building that was vacant at the time of sale. Centrally located along the I-55 Corridor, it provides users with convenient access to local, regional and national distribution points along I-80, I-355 and I-294 and is surrounded by a variety of distribution, manufacturing and ecommerce companies that are attracted to the location due to the interstate highway connectivity and Will County’s low taxes.
The I-55 Corridor continues to be one of the most active submarkets in the Chicago industrial market. Despite significant construction deliveries in the past few years, the vacancy rate remains among the lowest in the Chicago industrial market due to its strategic logistical location and ability to service the Chicago MSA.
