Mapletree Bulk Warehouse Acquisition – Chicago

Deal value: $112,000,000

Mapletree acquired a 750,000 SF bulk warehouse in Chicago, IL, featuring 40’ clear height, cross-dock configuration, and proximity to major intermodal terminals.

The core investment motivation is to capitalize on Chicago’s status as a premier logistics hub, driven by its large population, robust intermodal infrastructure, and sustained demand for modern distribution space. Mapletree’s strategy targets long-term value in submarkets with strong transportation connectivity, particularly near major intermodal terminals. The timing reflects a belief that supply chain resilience, e-commerce growth, and a slowdown in competing developments will support high occupancy and rental growth for Class A industrial assets.