MOLTO CAPITAL AWARDS 6 BUILDINGS TO NAI HIFFMAN MANAGEMENT
Itasca, New Lenox, Romeoville and Woodridge, IL (September 9, 2009) - Molto Capital Inc., a Chicago-based investment company, has awarded the management of its real estate portfolio to NAI Hiffman Asset Management Group. The portfolio consists of six industrial buildings, which total approximately 3.1 million square feet.
Vincent A. Naccarato, chairman of Molto Capital, credited NAI Hiffman’s success to consistent reporting and ability to align with their real estate goals, which include investing up to $400 million in real estate over the next few years. “We have grown our investment portfolio rapidly and will continue to take advantage of this changing market to continue that expansion,” said Naccarato. “NAI Hiffman was the logical choice as a firm to partner with who has demonstrated they can absorb client expansion, based on the roster of investors who have chosen their firm to date.”
The buildings in the portfolio are:
295 Spring Lake in Itasca, Illinois – 15,000 SF
2400 Haven in New Lenox, Illinois – 698,185 SF
1125 Taylor Road, Romeoville, Illinois – 691,162 SF
1010 Taylor Road – Romeoville, Illinois – 824,783 SF
1375-85 Weber Road - Romeoville, Illinois – 658,060 SF
2240 W 75th in Woodridge, Illinois – 187,400
Molto Capital, Inc. is a Chicago-based real estate investment company that currently owns 3.1 million square feet of industrial and office real estate throughout the Chicagoland area.
NAI Hiffman (www.hiffman.com) is the Chicago area representative for NAI Global, the world’s largest managed network of real estate service-providers comprising 5,000 brokers in 325 offices serving in 55 countries throughout the world. NAI Hiffman’s professionals represent clients in all aspects of commercial real estate and currently manage a 51+ million square foot portfolio of over 250 office, retail and industrial properties throughout metropolitan Chicago and Northwest Indiana.
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