Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Weldcote Metals Chooses Niles, Illinois for Distribution Center

07/12/2018
A privately held real estate investment and management company specializing in the acquisition and development of industrial properties, Molto Properties recently signed a 48,643 square foot lease with Weldcote Metals for its new distribution center located at 7720 N. Lehigh Ave in Niles, Illinois.

The 135,650 square foot distribution facility was designed by Harris Architects and built by Krusinski Construction. The modern building features a 32’ clear ceiling height, 20 loading docks, two drive in doors, and parking for 152 cars.

Kevin Scott, Vice President of the Midwestern Region for Molto Properties, said, “It’s rare to find a modern building like ours in this submarket, and the large labor pool to draw upon in the surrounding area is a huge positive. We look forward to leasing the remaining 87,007 square feet hopefully by the end of the year.”

Founder and Managing Principal of Molto Properties, Todd Naccarato, said, “Our new development has excellent access to important north-south corridors (I-94 and I-294) and close proximity to the City of Chicago. We are excited Weldcote recognized the strategic advantage of this new building.”

Share

Exclusive Research