CHICAGO—Molto Properties has hired Mark Saturno as senior principal and COO of the company and hopes the veteran can help it expand in the new year.
“Mark will play a key role as we continue to expand our presence in the Midwest, grow our client base and develop new equity relationships,” says Todd Naccarato, managing principal and president of the Oakbrook Terrace-based Molto. “His depth of experience from all sides of the table and his excellent leadership capabilities will be essential in the growth of Molto Properties.”
Since it was founded in 2008, the privately-held company has acquired over four-million-square feet of property in the Chicago metropolitan area. In November 2013, Molto Properties launched its second fund with a $100 million commitment from its parent company Molto Capital.
Prior to joining Molto, Saturno was the COO of McShane Development Company where he oversaw all industrial, multifamily and medical office development. Throughout his 27-year career, he has closed over $900 million in acquisitions and $250 million in development, including industrial build-to-suits and speculative projects.
He also oversaw a 37-million-square-foot portfolio and deployed capital throughout the Midwest while at AMB Property Corporation. Saturno also held positions at First Industrial Realty Trust and The Balcor Company.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
