Mapletree Investments acquired an 18.11-acre site on Vetter Road in Joliet, Illinois, where it plans to develop a logistics facility spanning 276,000 square feet.
Strategically situated along the I-80 and I-55 interchange, the site offers convenient access to the Joliet Intermodal Center — North America’s largest and most active inland port — comprised of the Union Pacific Joliet Intermodal Terminal and BNSF Joliet Intermodal Terminal.
Cushman & Wakefield’s Sean Henrick represented Mapletree in its land acquisition, while Henrick and Jason West, both Cushman & Wakefield Vice Chairs, will lead marketing efforts for the new property to prospective end users.
Mapletree’s Chicago industrial portfolio comprises 65 assets totaling approximately 10.3 million sq ft, forming part of the Group’s extensive nationwide holdings. With this latest acquisition, Mapletree further accelerates the growth of its U.S. development pipeline.
In April 2025, Mapletree received subdivision and site plan approval to develop a 149,100-sq ft facility on an 8.2-acre site adjacent to its existing 400,000-sq ft warehouse at 1350 Munger Road in Chicago’s North DuPage submarket. The Group anticipates breaking ground in late summer 2025.
In late 2024, Mapletree acquired a fully approved 22.5-acre site along Burlington-Mount Holly Road in Westampton Township, New Jersey. The site will be developed into a 250,000-sq ft, state-of-the-art logistics facility. Strategically located near major transportation arteries — including the New Jersey Turnpike, airports and seaports — the facility is well-positioned to serve as both a distribution center and last-mile delivery hub, particularly for e-commerce operators.
Additionally, the Group recently broke ground on a 53,995-sq ft expansion of its warehouse facility at 350 Gills Drive, located just 10 miles south of downtown Orlando in Central Florida. The expansion will bring the site’s total footprint to 204,540 sq ft. Completion is expected in late 2025.
