Molto Properties names new senior principal

Oakbrook Terrace, Illinois-based Molto Properties appointed Michael Powers to the position of senior principal and chief investment officer.

Powers brings 19 years of experience to his new position.

Todd Naccarato, Molto Founder and Managing Principal said, “Since joining the company in 2014, Mike has been a key player in implementing our strategy to acquire income producing assets, land for development, redevelopment, and build-to-suits.”

Powers previously worked as regional development officer at First Industrial and director of industrial investments at Zilber Property Group.