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: $2B across 17 reported transactions. All Industrial coverage →
- 35 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,…
External link. Real Estate Trail does not republish source content.
Related coverage — Chicago · Industrial
Dermody Breaks Ground on 358K-SF Suburban Chicago Industrial Project
Dermody broke ground on the LogistiCenter at Berkeley, a 357,619-square-foot facility located at 5300 St. Charles Road in Berkeley, Illinois. The redevelopment of an older, functionally obsolete industrial building is…
JLL Elevates Paul Morgan to Chief Operating Officer in Accelerate 2030 Platform Push
The Chicago-based real estate giant has consolidated its enterprise operations under a single new executive as it moves to run as one unified, technology-enabled platform under its long-term Accelerate 2030 strategy.…
Harold E. Eisenberg Foundation Expands Mentorship Program into Indianapolis
The Harold E. Eisenberg Foundation is expanding its real estate mentorship program to Indiana. Headquartered in the north suburbs of Chicago, the foundation’s mentorship program has worked with more than 2,200 college…
Inland Secures $112M for Chicagoland Senior Housing Portfolio
JLL has arranged $112 million in acquisition financing from a regional bank for the purchase of a two-property portfolio of independent living, assisted living and memory care communities totaling 330 units in the Chi…
Greenstone Partners Brokers $4.4M Sale of Condo Development Site in Chicago’s West Loop
CHICAGO — Greenstone Partners has brokered the $4.4 million sale of 1276 W. Washington Blvd., a development site in Chicago’s West Loop neighborhood. Danny Spitz and Malek Abdulsamad of Greenstone represented the buye…
Switchyards Inks Leases for Two New Coworking Spaces in Chicago
CHICAGO — Coworking concept Switchyards has inked two leases for additional locations in Chicago. JLL brokered both deals. Sarah Silva and Nicole Becker of JLL represented Switchyards and landlord Range Group in two s…