CHICAGO, IL – Mapletree Investments (“Mapletree” or “the Group”) has broken ground on two best-in-class industrial facilities in two of Chicago’s fastest-growing submarkets. Located at 1360 Schiferl Road in Bartlett and 3600 Houbolt Road (formerly known as 23551 Vetter Road) in Joliet, the properties are scheduled for delivery in Summer 2026.

“These groundbreakings mark a major milestone for Mapletree’s United States (US) platform,” said Richard Prokup, Chief Executive Officer, US, Mapletree. “As speculative warehouse development declines nationwide, we remain focused on delivering Class-A product ahead of an anticipated shortage. Assets like 1360 Schiferl Road and 3600 Houbolt Road are well-positioned to meet the needs of Chicago’s growing industrial market, which is backed by exceptional fundamentals.” 

Chiagorom Osu, Head of US Logistics Development at Mapletree, added: “Breaking ground in Bartlett and Joliet underscore Mapletree’s confidence in markets that combine sustainable leasing activity, infrastructure access and institutional investment depth. From site selection to design and delivery, our focus remains on building assets that stand out for their quality, functionality and long-term relevance to occupiers.”

1360 Schiferl Road 

Known as the Bartlett Commerce Center, the 149,100-square foot (sq ft) building at 1360 Schiferl Road sits on an 8.2-acre parcel adjacent to Mapletree’s existing 400,000-sq ft warehouse. When complete, the building will feature 36-foot clear heights, 42 dock doors, two drive-in doors and 181 car parking spaces.

Located within the established Brewster Creek Business Park, the property offers proximity to key transportation routes — it’s just 1.3 miles from Route 59, 7.5 miles from 1-90, 13 miles from I-88 and 14 miles from I-355 — and access to a dense labour pool.  

Morgan/Harbour Construction is the general contractor for 1360 Schiferl Road, while Ryan O’Leary, Jonathan Postweiler and Jeff Fischer of KBC Advisors are overseeing leasing. 

3600 Houbolt Road

Situated along the I-80 and I-55 interchange, the 18.11-acre site at 3600 Houbolt Road provides direct connectivity to the Joliet Intermodal Center — North America’s largest inland port — home to both the Union Pacific and BNSF Joliet Intermodal Terminal. Upon delivery, the 312,306-sq ft warehouse will meet LEED Silver standards and include 40-foot clear heights, 59 dock doors, 76 trailer stalls and 204 parking stalls.

Keeley Construction is the general contractor for 3600 Houbolt Road, while Cushman & Wakefield’s Sean Henrick and Jason West, both Cushman & Wakefield Vice Chairs, are overseeing leasing efforts.

Mapletree currently owns and manages over 10 million sq ft of industrial assets in the Chicago market. These holdings contribute to the Group’s broader US logistics footprint, which totals over 66 million sq ft. The two groundbreakings add to a series of development milestones that Mapletree has achieved across the country:

A.) Mapletree is approaching completion of a 53,995-square-foot expansion of its facility at 350 Gills Drive, located just 10 miles south of downtown Orlando. Upon delivery, the site will total 204,540 square feet of high-quality logistics space.

B.) In September 2025, the Group acquired a 29.36-acre site at 1035 W. Laraway Road in Joliet, where it plans to develop a best-in-class logistics facility spanning 418,880 sq ft. This transaction marks the Group’s second acquisition in Chicago’s Joliet submarket this year, following the purchase of 3600 Houbolt Road.

C.) Also in September, Mapletree acquired a 37.64-acre site at 1180 Corporate Center Drive East in Tobyhanna, Pennsylvania, located adjacent to its existing 1.3 million-sq ft industrial asset at 2086 Corporate Center Drive West. The Group plans to develop a 420,262-sq ft, state-of-the-art logistics facility on the site. Completion is expected in Fall 2026.

D.) In July 2025, Mapletree broke ground for a 250,000-sq ft industrial facility in Westampton Township, New Jersey. Situated on a 22.5-acre site along Burlington-Mount Holly Road, the planned facility is located near major transportation arteries, including the New Jersey Turnpike, airports and seaports, making it well-positioned to serve as a distribution centre and last-mile delivery hub.

Since entering the US real estate market in 2014, Mapletree has built a diverse portfolio spanning logistics, data centre, office, student housing and multifamily properties. As of March 31, 2025, the US accounted for approximately 25% of the Group’s total assets under management, valued at ~US$60.1 billion (S$80.3 billion). 

When complete, 1360 Schiferl Road will feature 36-foot clear heights, 42 dock doors, two drive-in doors and 181 car parking spaces.

Upon delivery, 3600 Houbolt Road will meet LEED Silver standards and include 40-foot clear heights, 59 dock doors, 76 trailer stalls and 204 parking stalls.


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