Prologis to Redevelop Joliet Casino Site into 3.8M-SF Industrial Property
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. 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 October 2026: $3.4B across 37 reported transactions. All Industrial coverage →
- 28 stories mentioning Prologis on the wire in the past 90 days. Prologis coverage →
Computed from Real Estate Trail’s own tracked coverage
Gaming and Leisure Properties, Inc. (GLPI) has formed a joint venture with Prologis, Inc. to develop the former Hollywood Casino Joliet site. GLPI will contribute the 262-acre parcel at 777 Hollywood Boulevard in Joli…
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