Prologis Announces New Logistics Development in Chicago
Prologis has acquired a 69-acre site in Minooka, Illinois, for the development of a logistics facility exceeding one million square feet. The project, named Minooka Exchange, will feature modern infrastructure including a 40-foot clear height and proximity to Canadian National Railway's Chicago Logistics Hub under construction. This addition is expected to bolster Prologis' existing footprint in the region, where it already owns over 79 million square feet across 341 properties. The development aligns with rising industrial construction activity in the Chicago area, which saw a significant increase of 80% year-over-year in Q2. The project is part of Prologis' broader strategy to expand its logistics capacity through ground-up developments and recent land acquisitions like one in Glendale Heights for two Class A facilities totaling 454K SF. The new facility will contribute significantly to the Chicago-area industrial pipeline, offering modern logistics space amid a supply-constrained market. Construction is expected to begin soon.
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Topics: Chicago market commercial real estate logistics development