{"id":6812,"date":"2026-04-21T07:26:51","date_gmt":"2026-04-21T07:26:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=6812"},"modified":"2026-04-20T13:28:45","modified_gmt":"2026-04-20T13:28:45","slug":"hyundai-subsidiary-industrial-lease-joliet-chicago-illinois","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/hyundai-subsidiary-industrial-lease-joliet-chicago-illinois\/","title":{"rendered":"North American Hyundai Subsidiary Signs 1.4MSF Industrial Lease in Illinois"},"content":{"rendered":"

Hyundai Translead, a subsidiary of Hyundai Motor Company, recently signed a long-term lease agreement for nearly 1.4 million square feet of industrial space in Joliet, Ill.<\/a>, at the former site of Caterpillar\u2019s heavy equipment operations.<\/p>\n

The property is one of two shuttered manufacturing locations in Will County that Hyundai Translead \u2014 the largest maker of semi trailers in North America \u2014 is bringing back to life. The other site is the previous Lion Electric operation site.<\/p>\n

\u201cWe are proud to welcome Hyundai Translead to Illinois as a new manufacturer in our state,\u201d Illinois Governor, J.B. Pritzker, remarked. \u201cThis investment represents a long-term commitment that will create 2,500 new jobs and opportunities for working families in Will County and beyond. Illinois will keep attracting major industries and job creators that are transformational for our economy and the communities and hardworking Illinoisans who power them.”<\/p>\n

Hyundai\u2019s new Illinois facilities will expand its manufacturing footprint to better serve its customers with industry-leading commercial transportation products. Headquartered in South Korea, the North American subsidiary manufactures transportation equipment, including dry and refrigerated van trailers; flatbeds; truck bodies; and dollies.<\/p>\n

\u201cOur expansion to Illinois represents years of planning and a shared vision for long-term growth,\u201d said Sean Kenney, chief executive officer of Hyundai Translead. \u201cThis investment reflects our confidence and commitment to building products, workforce development, and partnerships that endure.\u201d<\/p>\n

The Joliet transaction was managed by Onno Steger, senior vice president of Industrial Realty Group, LLC (IRG). Jerry Sullivan and Ed Wabick of Darwin PW Realty represented the landlord, while Shamus Conneely of John Greene Commercial worked on behalf of the tenant.<\/p>\n

\u201cWe are proud to partner with Hyundai Translead on this transformative project,\u201d said Justin Lichter, chief investment officer of IRG. \u201cThis lease represents the beginning of a new chapter for the facility, county, and state. It reinforces IRG\u2019s commitment to revitalizing complex industrial assets into modern, high-impact economic drivers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Hyundai Translead to revive two shuttered manufacturing industrial properties in the greater Chicago area: the former site of Caterpillar\u2019s heavy equipment operations and the previous Lion Electric operation site.<\/p>\n","protected":false},"author":48,"featured_media":6813,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-6812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial-real-estate-news"],"acf":[],"yoast_head":"\nHyundai Leases Chicagoland Industrial Space | CommercialSearch<\/title>\n<meta name=\"description\" content=\"Hyundai Translead inks a lease for 1.4 million square feet of Chicago industrial space in Joliet, plus the shuttered Lion Electric operation site.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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