Logistics Property Company, LLC, has executed 1.7 million square feet of new leases across the portfolio in the second quarter of 2026. The recent leases include a full-building lease at 114 Logistics Park in Justin, Texas, a 159,000 square-foot lease at 94 Logistics Park in Kenosha, Wisconsin, which brought the 1.8-million-square-foot park to 100% leased, and two new leases at Gainesville 85 Business Center in Gainesville, Georgia.
“We are excited to see continued leasing momentum in the second quarter,” said Jim Martell, Chief Executive Officer of Logistics Property Company. “With the leases signed in the first half of this year, our first develop-to-core fund, LPC Logistics V1, LP, comprised of more than 18 million square feet of Class A logistics space, is nearly fully leased.”
The company continues to search for new development opportunities, closing on a new, 9.8-acre development site in the second quarter at 2349 West Lake Street in Addison, Illinois, its third land closing in the Chicago O’Hare market in the last year. When complete, 2349 West Lake Street will total 140,122 square feet with a 32-foot clear height, 36 dock positions, and parking for 179 cars.
Logistics Property Company also closed $230 million in loans in the second quarter, including an $83.8 million permanent loan with Old National Bank and Associated Bank for Olive Logistics Center, a fully leased, two-building, 1,032,079-square-foot park completed in late 2025. Located in Phoenix’s Southwest Valley industrial market, Olive Logistics Center is a LEED Gold development featuring a 407-kW solar carport system.
“We are grateful for the continued partnerships we have built with our lenders, which are essential for the growth of our portfolio,” said Katherine Kinney, Senior Vice President, Capital Markets. “Old National Bank and Associated Bank have been longstanding relationships for our platform and allowed for a seamless execution.”
Year to date, Logistics Property Company has signed 5.7 million square feet of leases and renewals across its portfolio, acquired 140 acres of land for new developments, and has closed $277 million in loans.
About Logistics Property Company
Logistics Property Company, LLC is a vertically integrated real estate operating company and investment manager focused on the acquisition, development, and management of modern logistics properties in key U.S. markets. The company executes a disciplined investment strategy, ensuring optimal outcomes for its investors, employees, communities, and the environment. Headquartered in Chicago, Logistics Property Company owns or has under development approximately 30 million square feet of logistics facilities across 14 markets. For more information, please visit logisticspropco.com.
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