Prologis Acquires Land for New Industrial Development Near Chicago
Prologis has acquired a 69-acre site in Minooka, Illinois, to develop the Minooka Exchange logistics facility. The project will feature over one million square feet of industrial space and is expected to break ground soon. Prologis highlighted that this development addresses supply constraints in Chicago's industrial real estate market. The new single-story building includes a cross-dock design with 40-foot clear height, ample parking, and truck court access near the Canadian National Railway’s logistics hub under construction. This acquisition follows another recent purchase of land in Glendale Heights for two Class-A facilities totaling 454K SF. Prologis continues to expand its presence in Chicago's industrial sector amid a broader rebound in new large-scale warehouse development. As of Q2, active big-box space construction in the region reached 16.9 million square feet—a significant year-over-year increase—indicating strong demand for logistics infrastructure.
Topics: Chicago real estate industrial construction land acquisition Prologis