{"id":1004817591,"date":"2026-11-04T02:41:40","date_gmt":"2026-11-04T10:41:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004817591"},"modified":"2026-11-04T02:41:42","modified_gmt":"2026-11-04T10:41:42","slug":"logistics-property-plans-1-3-msf-chicago-area-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/logistics-property-plans-1-3-msf-chicago-area-project\/","title":{"rendered":"Logistics Property Plans 1.3 MSF Chicago-Area Project"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6aeb1d45a0a78&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004817595\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/logistics-property-plans-1-3-msf-chicago-area-project\/23960-s-houbolt-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/23960-S.-Houbolt-Road.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&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;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"23960 S. Houbolt Road\" data-image-description=\"&lt;p&gt;https:\/\/logisticspropco.com\/2026\/11\/logistics-property-company-closes-on-i-80-corridor-development-site-in-joliet-illinois-near-north-americas-largest-inland-port\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The 1.3 million-square-foot facility is set to come online in 2028. Image courtesy of Logistics Property Co.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/23960-S.-Houbolt-Road.jpg?w=1000\" 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\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/23960-S.-Houbolt-Road.jpg\" alt=\"Exterior rendering of the facility at 23960 S. Houbolt Road in Joliet, Ill.\" class=\"wp-image-1004817595\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/23960-S.-Houbolt-Road.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/23960-S.-Houbolt-Road.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/23960-S.-Houbolt-Road.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><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\">The 1.3 million-square-foot facility is set to come online in 2028. <em>Image courtesy of Logistics Property Co.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Logistics Property Co. has acquired a 74-acre development site in Joliet, Ill., and plans to build a nearly 1.3 million-square-foot industrial facility. Construction at 23960 S. Houbolt Road is scheduled to begin next spring, with delivery expected in 2028.<\/p>\n\n\n\n<p>Cushman &amp; Wakefield arranged the transaction and will also take care of leasing efforts. Partners on the project include Architects Plus Design serves as project architect, while Jacob &amp; Hefner Associates is the civil engineer.<\/p>\n\n\n\n<p>The facility will rise on a speculative basis, while also being available as a build-to-suit. Plans call for a cross-dock facility with 40-foot clear heights, 229 dock doors, four drive-in doors, 460 car parking spaces and 334 trailer spaces.<\/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\/whats-next-for-industrial-real-estate\/\">Industrial Real Estate Market Trends<\/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>The site is near BNSF\u2019s Logistics Park Chicago Intermodal and Union Pacific\u2019s Global 4 Intermodal Terminal, which together form North America\u2019s largest inland port. The location also provides easy access to interstates 55 and 80.<\/p>\n\n\n\n<p>Cushman &amp; Wakefield\u2019s Managing Director Ryan Klink worked with Logistics Property Co.\u2019s Associate Market Leader Ben Fish and Senior Vice President Vince Pergande on the acquisition. Klink, Executive Vice Chair Jason West and Vice Chair Sean Henrick will handle leasing at the development.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-logipropco-s-growing-industrial-footprint\">LogiPropCo\u2019s growing industrial footprint<\/h2>\n\n\n\n<p>The transaction marks Logistics Property Co.\u2019s fourth Chicago-area development site acquisition within the past year. The company previously secured properties at 424 Howard Ave. in Des Plaines, Ill., 390 O\u2019Hare Logistics Park in Schaumburg, Ill., and 2349 W. Lake St. in Addison, Ill. Last month, the firm also acquired a <a href=\"https:\/\/www.commercialsearch.com\/news\/logipropco-eyes-1-2-msf-industrial-campus-in-phoenix\/\">76-acre land in Buckeye<\/a>, Ariz., for the development of a 1.2 million-square-foot campus.<\/p>\n\n\n\n<p>The Joliet project brings Logistics Property Co.\u2019s Midwest portfolio to approximately 6.7 million square feet owned or under development. Across its broader U.S. platform, the Chicago-based firm owns or has under development roughly 30 million square feet of industrial properties across 14 markets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-suburban-pipeline-fuels-industrial-growth\">Suburban pipeline fuels industrial growth<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-market-update\/\">Chicago\u2019s industrial construction pipeline<\/a> totaled 17.1 million square feet as of August. The metro ranked among the 10 largest U.S. markets for development and had about 1.5 percent of existing stock under construction. Most of the space underway was concentrated in suburban areas.<\/p>\n\n\n\n<p>Joliet continues to attract large-scale industrial development along the Interstate 80 corridor. Last week, Prologis and Gaming and Leisure Properties formed a joint venture to redevelop the former Hollywood Casino Joliet site into a five-building logistics park totaling more than 3.8 million square feet, subject to city approval.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The developer acquired 74 acres near North America\u2019s largest inland port.<\/p>\n","protected":false},"author":3355,"featured_media":1004817595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21782,21748,21783,13,21742],"tags":[52043,32799,52042],"class_list":["post-1004817591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-development","category-industrial","category-investment","category-midwest","category-latest","tag-architects-plus-design-studio","tag-cushman-wakefield","tag-logistics-property-co"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Logistics Property Plans 1.3 MSF Chicago-Area Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Logistics Property Co. acquired a 74-acre development site in Joliet, Ill., and plans to build a nearly 1.3 million-square-foot facility.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/logistics-property-plans-1-3-msf-chicago-area-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Logistics Property Plans 1.3 MSF Chicago-Area Project\" \/>\n<meta property=\"og:description\" content=\"Logistics Property Co. acquired a 74-acre development site in Joliet, Ill., and plans to build a nearly 1.3 million-square-foot facility.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/logistics-property-plans-1-3-msf-chicago-area-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-04T10:41:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-04T10:41:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/23960-S.-Houbolt-Road.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/logistics-property-plans-1-3-msf-chicago-area-project\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/logistics-property-plans-1-3-msf-chicago-area-project\\\/\"},\"author\":{\"name\":\"Vicentiu Fusea\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6f90c90d1e85956f06679ddabc844412\"},\"headline\":\"Logistics Property Plans 1.3 MSF Chicago-Area Project\",\"datePublished\":\"2026-11-04T10:41:40+00:00\",\"dateModified\":\"2026-11-04T10:41:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/logistics-property-plans-1-3-msf-chicago-area-project\\\/\"},\"wordCount\":416,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/logistics-property-plans-1-3-msf-chicago-area-project\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/11\\\/23960-S.-Houbolt-Road.jpg\",\"keywords\":[\"Architects Plus Design Studio\",\"Cushman &amp; 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