Prologis Acquires 69 acres for 1M-SF Chicagoland Development
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Chicago capital flow has been concentrated in industrial along the I-55 and I-80 corridors and in the most select downtown trophy office submarkets. Multifamily transaction volume has moved up in the Near North and West Loop. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed industrial deal value tracked in September 2026: $5.3B across 43 reported transactions. All Industrial coverage →
- 24 stories mentioning Prologis on the wire in the past 90 days. Prologis coverage →
Computed from Real Estate Trail’s own tracked coverage
Prologis has acquired 69 acres in Minooka, Illinois, where the firm will develop Minooka Exchange, a 1,002,000-square-foot logistics facility. The single-story, cross-dock building will feature a 40-foot clear height,…
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