Gaming and Leisure Properties and Prologis Form Joint Venture to Redevelop Joliet Casino Site
Gaming and Leisure Properties (GLPI) has entered into a joint venture with Prologis (PLD) to redevelop the former Hollywood Casino site in Joliet, Illinois. The project involves transforming the 262-acre property into a modern warehouse and distribution park. The redevelopment will be executed in three distinct phases. GLPI is contributing the land for the project, while Prologis will lead the development efforts to convert the former gaming site into industrial real estate assets.
Topics: joint venture real estate redevelopment warehouse development