Prologis to Develop 1 MSF Logistics Facility in Minooka, Illinois
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
- The 35th Chicago story tracked on the wire in September 2026. All Chicago coverage →
- Disclosed industrial deal value tracked in September 2026: $5.3B across 43 reported transactions. All Industrial coverage →
- 23 stories mentioning Prologis on the wire in the past 90 days. Prologis coverage →
Computed from Real Estate Trail’s own tracked coverage
MINOOKA, ILL. — Prologis has acquired 69 acres in Minooka within Chicago’s I-80 submarket with plans to develop Minooka Exchange, a 1 million-square-foot logistics facility. The single-story, cross-dock building will…
External link. Real Estate Trail does not republish source content.
Related coverage — Chicago · Industrial
First Industrial Leases 708,000 SF Building in York, Pennsylvania
YORK, PA. — Chicago-based REIT First Industrial Realty Trust (NYSE: FR) has leased the entirety of First Logistics Center @ I-83, a 708,000-square-foot building in the Central Pennsylvania city of York. The tenant was…
First Industrial Leases 226,074 SF Building in New Castle, Delaware
NEW CASTLE, DEL. — Chicago-based REIT First Industrial Realty Trust (NYSE: FR) has leased the entirety of a 226,074-square-foot building in New Castle. The tenant was not disclosed. The building is the first to be dev…
CP Group Sells Third Boca Raton Office for $79M
CP Group has sold off yet another office complex in Boca Raton, Fla. The office investor, alongside Chicago-based Harrison Street Asset Management , sold One Boca Place for $78.9 million, property records show. Golden…
Serving People with a Mission to Host Celestial Odyssey Gala on November 5
Open-invitation benefit gala at Willis Tower calls on corporate leaders, professionals and donors to invest in Chicago's next generation of servant leaders CHICAGO, Oct. 23, 2026 /PRNewswire/ -- Serving People with a…
Mid-America Arranges Sale of 244,924 SF Shopping Center in Wheaton, Illinois
WHEATON, ILL. — Mid-America Real Estate Corp. has arranged the sale of Rice Lake Square, a grocery-anchored shopping center in Wheaton, a western suburb of Chicago. Pete’s Fresh Market anchors the 244,924-square-foot…
Greenstone Partners Brokers $4.1M Sale of Urban Outfitters-Leased Retail Condo in Chicago
CHICAGO — Greenstone Partners has brokered the $4.1 million sale of a 10,600-square-foot, two-level retail condominium in Chicago’s Wicker Park neighborhood that is fully leased to Urban Outfitters. Danny Spitz and Br…