Mapletree Investments acquired a 29.36-acre site at 1035 W. Laraway Road in Joliet, Illinois, where it plans to develop a best-in-class logistics facility spanning 418,880 square feet.
This transaction marks the group’s second acquisition in Chicago’s Joliet submarket this year, following the May 2025 purchase of an 18.11-acre site at 3600 Houbolt Road (formerly known as 23551 Vetter Road), where it will build a 276,000-square-foot industrial warehouse.
Situated along the I-80 and I-55 interchange, both the Laraway Road and Houbolt Road sites provide direct connectivity to the Joliet Intermodal Center — North America’s largest inland port — home to both the Union Pacific and BNSF Joliet Intermodal Terminals.
Matthew Stauber and Steve Ostrowski with Colliers International represented the seller and worked directly with Mapletree to secure the transaction.
