Molto Properties Selects Cushman & Wakefield to Manage 11 Industrial Assets
ROSEMONT, Ill., Dec. 27, 2013 - Molto Properties, LLC has appointed Cushman & Wakefield's industrial property management group to maintain its 3.9 million-square-foot, Class A industrial portfolio. The assignment includes 10 assets in the Chicago metropolitan market and one building in San Bernardino County, Calif.
Cushman & Wakefield Senior Portfolio Manager Krysti Galvin, who was instrumental in securing the new account with Molto, is overseeing the agency. She works closely with Victoria Knudson, national lead for Cushman & Wakefield's Corporate Occupier and Investor Services (CIS) Industrial Property Management platform. Both are based in the commercial real estate services firm's Rosemont office.
"The Chicago metropolitan area is one of the leading logistics hubs in the U.S., if not the world, and within it Molto is recognized as a savvy investor and owner with quality, well-located assets," Knudson said. "We are honored to be selected by this forward-thinking, well-respected company."
Newer, state-of-the-art, concrete tilt-up warehouse facilities comprise the Molto portfolio, which is approximately 85 percent occupied by brand-name tenants. The Chicago metropolitan area properties range from 112,000 to 825,000 square feet.
Based in Oakbrook Terrace, Ill., Molto Properties is a subsidiary of Molto Capital, Inc. The company currently is expanding strategically into new markets in the U.S. Its choice of Cushman & Wakefield as property manager speaks to the depth of the firm's platform, according to Victoria Knudson.
"Cushman & Wakefield has a proven track record as a manager that upholds and enhances value at its clients' properties," said Todd Naccarato. "The strength of the company's industrial platform as a whole, and within specific markets nationwide, provides a distinct advantage."
According to Knudson, the Molto assignment comes at a time of significant growth for Cushman & Wakefield's industrial property management practice. "Our company has made a true commitment to the development and growth of the industrial platform," she said. "In turn, we are working hard to build strategic partnerships with leading industrial owners like Molto Properties."
She added that, through Cushman & Wakefield's multiple business lines, her team can offer full lifecycle services for industrial assets, from acquisition consulting, to project management, to leasing and, ultimately, disposition. "Many of our clients today are consolidating providers, and we have the ability to be a single-source partner," she said. "Our approach ultimately is more client driven than discipline driven."