Prologis and GLPI Plan Large Joliet Logistics Park

Prologis and Gaming and Leisure Properties entered definitive agreements for a joint venture to develop a five-building, more than 3.8M-square-foot logistics park on a 262-acre former Hollywood casino site in Joliet. City approval is still required; the phased buildout is expected to take about five years, and leasing, JV economics, costs, and returns have not been disclosed.