Molto Properties is unveiling plans for 1055 Remington Boulevard in Bolingbrook, Illinois, a 116,000-square-foot speculative industrial property beginning construction this spring. The company is also announcing pre-leasing activity for nearly half of the building before the start of construction.
Baldor Chicago Inc., represented by Dan Smolensky of the Modal group, has signed a lease for 57,220 square feet at 1055 Remington. Jim Estus, a principal with Colliers International, represented owner Molto Properties. The new facility will allow Baldor to experience more functional space, increase the firm’s visibility and image and provide ample parking for employees, visitors and customers.
Krusinski Construction Company — the general contractor for the project — will start construction this spring for the building. Baldor Chicago will take occupancy upon completion by the end of the year.
This is Molto’s second speculative development project where the team has successfully pre-leased half or more of the facility prior to construction completion.
