{"id":1004795018,"date":"2026-04-13T05:48:54","date_gmt":"2026-04-13T13:48:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004795018"},"modified":"2026-04-21T01:06:45","modified_gmt":"2026-04-21T09:06:45","slug":"irg-secures-1-msf-hyundai-translead-lease-for-chicago-area-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/irg-secures-1-msf-hyundai-translead-lease-for-chicago-area-facility\/","title":{"rendered":"IRG Secures 1 MSF Hyundai Lease for Chicago-Area Facility"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a1b6f7489fa0&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004795017\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/industrial-realty-group-llc-hyundai-translead-lease-in-joliet-il-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Joilet_ILL_Hyundai_Plant.jpg\" data-orig-size=\"2700,2025\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Industrial Realty Group, LLC&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;IRG welcomes Hyundai Translead to its Joliet facility. The company will lease 1.38 million square feet of space expanding its manufacturing footprint to better serve its customers.&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Industrial Realty Group LLC-Hyundai Translead Lease in Joliet IL-1&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Industrial Realty Group LLC-Hyundai Translead Lease in Joliet IL-1\" data-image-description=\"&lt;p&gt;Image from IRG.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Hyundai Translead will occupy 1.38 million square feet at IRG&#8217;s Joilet, Ill., manufacturing facility.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Joilet_ILL_Hyundai_Plant.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"768\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Joilet_ILL_Hyundai_Plant.jpg?w=1024\" alt=\"A photo of the Joilet, ILL., manufacturing facility.\" class=\"wp-image-1004795017\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Joilet_ILL_Hyundai_Plant.jpg 2700w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Joilet_ILL_Hyundai_Plant.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Joilet_ILL_Hyundai_Plant.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Joilet_ILL_Hyundai_Plant.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Joilet_ILL_Hyundai_Plant.jpg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Joilet_ILL_Hyundai_Plant.jpg?resize=2048,1536 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Hyundai Translead will occupy 1.4 million square feet at IRG&#8217;s Joilet, Ill., manufacturing facility. <em>Image courtesy of Industrial Realty Group<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Industrial Realty Group LLC has executed a long-term lease with Hyundai Translead, a subsidiary of Hyundai Motor Co., for a 1.4 million-square-foot manufacturing facility in Joliet, Ill. The property was previously the main manufacturing plant for Caterpillar Inc.<\/p>\n\n\n\n<p>In addition to the Joliet facility, Hyundai Translead will also move into a second Will County location, a site formerly occupied by Canadian vehicle maker Lion Electric. When <a href=\"https:\/\/www.commercialsearch.com\/news\/lion-electric-selects-metro-chicago-for-manufacturing-site\/\">Lion leased that 906,500-square-foot property<\/a> nearly five years ago, the property was intended to be the largest dedicated production site for zero-emission medium-duty and heavy-duty vehicles in the U.S. Lion, however, fell on hard times, filing for bankruptcy protection in both Canada and the U.S.<\/p>\n\n\n\n<p>Between them, the two facilities will create about 2,500 new full-time jobs and $450 million of investment, according to IRG.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-construction-update-yardi-matrix-data\/\">Industrial Construction Starts Drop as 2026 Begins<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Headquartered in San Diego and founded in 1989, Hyundai Translead is a leading van trailer manufacturer in North America, producing dry and refrigerated van trailers, flatbeds, truck bodies and dollies. Also among its products are XCIENT fuel cell trucks.<\/p>\n\n\n\n<p>Onno Steger, senior vice president at IRG, arranged the Joliet transaction. Darwin PW Realty Principals Jerry Sullivan and Ed Wabick represented the landlord, while John Greene Commercial Senior Vice President Shamus Conneely of represented the tenant.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-big-company-big-moves\">Big company, big moves<\/h2>\n\n\n\n<p>Both moves, while involving major manufacturing facilities, are just part of Hyundai Motor Group\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/hyundai-to-invest-26b-in-u-s-manufacturing\/\">commitment to invest $26 billion across the U.S.<\/a> through 2028.<\/p>\n\n\n\n<p>In another facet of this push, Hyundai will build a new $5.8 billion steel mill in Donaldsonville, La. Further, Hyundai will develop a robotics facility with an annual capacity of 30,000 units. The automaker acquired Boston Dynamics in 2021 and, earlier in 2025, announced plans to use bipedal robots at its auto factories.<\/p>\n\n\n\n<p>The I-80\/Joliet corridor had a total availability of 10.9 percent on a 123.1 million square feet at year-end, according to a fourth-quarter report from NAI Hiffman. Net absorption in 2025 was 7.3 million square feet, with 2.7 million square feet of new supply added and 1.4 million under construction. That level of activity led all Chicago-area submarkets in 2025, Hiffman reported.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The truck manufacturer&#8217;s move is part of a $450 million investment. <\/p>\n","protected":false},"author":882,"featured_media":1004795017,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,21748,13,21742],"tags":[32920,38622],"class_list":["post-1004795018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-industrial","category-midwest","category-latest","tag-hyundai","tag-industrial-realty-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IRG Secures 1 MSF Hyundai Lease for Chicago-Area Facility - 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