News: Ungaretti & Harris Advises Molto Capital on Distribution Center Purchase

CHICAGO, December 16, 2008 – Ungaretti & Harris LLP recently advised Molto Capital, Inc., an Oakbrook Terrace-based private equity investment firm, in its purchase of a distribution center in the southwest suburbs.

ING Clarion Partners LLC sold the nearly 700,000-square-foot warehouse in New Lenox to Molto Capital for nearly $29 million. The property, located at 2400 W. Haven Ave., is leased to hobby and craft supplies retailer Michaels Stores Inc.

The deal marks the first acquisition for Molto Capital, formed by members of the Naccarato family, which last year sold their household consumer products company, Wilton Industries, Inc. Ungaretti & Harris advised the Naccarato family in its 2007 sale of Wilton to EK Success, a portfolio company of GTCR Golder Rauner, for about $700 million.

Ungaretti & Harris Real Estate Partner James E. Lentz represented Molto Capital in this transaction.