First Quarter 2011 Chicago Industrial Market Notes

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NEWS RELEASE
December 15, 2015
CONTACT
FOR COLLIERS INTERNATIONAL | CHICAGO
Ms. Aimee Val
Vice President, Marketing and Communications
(847) 698-8243
aimee.val@colliers.com
MOLTO PROPERTIES’ BETTING THIRD TIME’S A CHARM AT
LATEST I-55 SPEC PROJECT
After Two Prior Successful Preleasing Efforts, Construction is Nearly Complete on
1881 Normantown Road Project in Romeoville; Impro Industries Signs New Lease to
Bring Occupancy to 100% at 1055 Remington Boulevard
(ROSEMONT, IL) – Molto Properties is nearing completion on a 226,090-square-foot speculative
industrial facility located in Windham Lakes Southwest Business Park at 1881 Normantown Road in
Romeoville, IL. This marks the developer’s third project in the last 12 months within Chicago’s I-55
industrial corridor. The company has named Jim Estus, SIOR, principal with Colliers International’s
Chicago-based Industrial Advisory Group, as exclusive agent of the building.
Situated on 13.9 acres, 1881 Normantown Road features 32’ clear ceiling height, 35 exterior docks
(expandable to 51), 39 trailer parking spaces, ESFR sprinklers, and low Will County real estate taxes.
“1881 Normantown Road is scheduled for completion during the first quarter of 2016. Timing is ideal
for a user wanting to custom tailor the interior build out to fit their needs,” said Mark A. Saturno, senior
principal of Molto Properties. “Because of Meridian Design Build’s fantastic performance on a very
aggressive construction schedule, the property is now fully enclosed and paved, allow us to build out
the interior without having to face the harsh winter elements,” he added.
CONSTRUCTION UPDATE
12/11/15
1881 Normantown Road
Romeoville IL
P2 MOLTO PROPERTIES BETS ON SPEC (CONT’D)
The project team — which includes Mr. Estus and Molto’s executives Michael Powers and Tony
Cincinelli— has achieved significant preleasing success over the past 12 months at the firm’s two
other I-55 Corridor speculative projects, as outlined below:

Construction is nearly complete on a 116,000-square-foot building at 1055 Remington
Boulevard in Bolingbrook. In December, Impro Industries signed a 58,800-square-foot lease
at the property and will be relocating from 375 South W Frontage Road in Bolingbrook where
it had occupied 31,000 square feet. From a lease signing earlier in the year, Baldor Motor is
set to take occupancy of a 57,200-square-foot space at the property. 1055 Remington is being
built by general contractor Krusinski Construction Company on a nine-acre land site and
features 30’ clear ceiling heights and close proximity to I-55 via Weber Road.

In September of 2014, HellermannTyton leased the full 189,662-square-foot property at 1485
Normantown Road in Romeoville’s Windham Lakes Southwest Business Park prior to the
building’s completion. HellermannTyton took occupancy of the facility in February 2015.
Located on a 10.7-acre land site, that building features 4,741 square feet of office, 32’ clear
ceiling height, and ESFR sprinklers.
“In addition to the highest quality of construction and modern industrial building features, these Molto
properties all have one critical feature in common,” said Estus. “The visibility from and access to I-55
will be a critical advantage to any potential tenant within this logistics-driven corridor.”
According to Colliers International’s third quarter 2015 industrial market report, leasing volume in the
I-55 Corridor increased to 1.5 million square feet in the third quarter, a 6.9 percent increase from the
1.4 million square feet of lease transactions completed in the second quarter. Large users drove tenant
demand, as four transactions over 200,000 square feet were signed in the third quarter, accounting for
1.3 million square feet of the overall leasing volume. Vacancy in the submarket currently resides at
10.49 percent.
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ABOUT MOLTO PROPERTIES | Molto Properties, founded in 2008, is a privately held, entrepreneurial industrial real
estate firm that currently has four million square feet of industrial properties under management. Our focus is the
acquisition, development and operation of quality industrial real estate.
ABOUT COLLIERS INTERNATIONAL │ Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in
commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an
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years, more than any other real estate services firm.
For the latest international news from Colliers International, visit colliers.com/us/news, or follow us on Twitter: @Colliers Intl
and @ColliersChicago.
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