JOLIET, IL-Molto Capital LLC, an investment firm based in Oakbrook Terrace, has paid $18.3 million for a Wal-Mart Stores Inc.-leased warehouse in Joliet. The firm has purchased the industrial building spanning 575,024 square feet at 3451 S. Chicago St. from an investment fund handled by J. P. Morgan Chase & Co.
The investment fund purchased the industrial building in early 2008 for $20.3 million. The sale was brokered by Jones Lang LaSalle Inc. For the full story, go to Crain's Chicago Business .
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