Mapletree acquires 29.36-acre site for logistics facility

Mapletree Investments has 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-sq ft industrial warehouse.

“Mapletree is optimistic about Chicago’s growth prospects,” said Richard Prokup, Chief Executive Officer, U.S., Mapletree. “The city has a large population base and offers superior intermodal connectivity, making it one of the nation’s most significant logistics networks. That’s why we’re doubling down on industrial development in submarkets where we see long-term value – particularly in areas such as Joliet and Bartlett.”

The facility will be designed and built to meet LEED standards and will feature modern Class A specifications, including 40-foot clear heights, 80 dock doors, 100 trailer stalls and 172 car parking spaces.

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.