Prologis has acquired 69 acres in Minooka, Illinois, for a logistics development totaling just over 1M SF, according to Bisnow. The project, called Minooka Exchange, is expected to break ground in the coming weeks and will feature a single-story, cross-dock building with a 40-foot clear height, 290 car parking spaces and a 185-foot truck court. The site sits next to Canadian National Railway's Chicago Logistics Hub, which is under construction, and Prologis investment officer Josh Bauer said the project will provide modern logistics capacity in a market the company describes as supply constrained. The Minooka project follows Prologis's purchase of 26.2 acres in Glendale Heights in central DuPage County, where it plans two Class A logistics facilities totaling 454K SF, and adds to a Chicago-area portfolio of 341 properties totaling more than 79M SF. The development comes as NAI Hiffman reported 16.9M SF of active big-box construction in the Chicago area in Q2, an 80% year-over-year increase.
Prologis IncPrologis acquired 69 acres in Minooka for a 1M SF logistics project, adding capacity in a supply-constrained Chicago market.
Canadian National Railway Company