Logistics Property Company, LLC (LogiPropCo) has closed on a 74-acre site at 23960 South Houbolt Road in Joliet, Illinois. Located in the I-80 corridor, the site offers immediate proximity to BNSF’s Logistics Park Chicago Intermodal and Union Pacific’s Global 4 Intermodal Terminal. Together, the two terminals form the largest inland port in North America, providing one-day drayage access to more than 40% of the United States population.
Construction will commence in spring 2027. When complete, 23960 South Houbolt Road will total 1,279,700 square feet, featuring 40-foot clear height, cross-dock loading, and ample car and trailer parking. Through the Houbolt Road Extension, the site also has direct access to I-55 and I-80, significantly reducing travel time.
LogiPropCo’s Ben Fish, Associate Market Leader, and Vince Pergande, Senior Vice President, Project Management, worked with Cushman & Wakefield’s Ryan Klink on the transaction. Klink, alongside Jason West and Sean Henrick, will serve as the project’s leasing representatives.
“23960 S Houbolt Road is the premier location for bulk users given the immediate proximity to the intermodal and the new Houbolt Road Extension,” said Fish. “We’re excited to continue to grow our Midwest portfolio with this property, our fourth development site in the Chicago market in the last year.”
The spec construction building, also available as a build-to-suit, is expected to deliver in spring 2028. Architects Plus Design is the project architect and Jacob & Hefner Associates is the civil engineer.
This site is the latest addition to LogiPropCo’s growing Midwest portfolio of 6.7 million square feet owned and under development. It follows the closing of three development properties: 424 Howard Avenue in Des Plaines, 390 O’Hare Logistics Park in Schaumburg, and 2349 West Lake Street in Addison. LogiPropCo also recently acquired a fully leased building at 1401 Normantown Road in Romeoville.
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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