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Prologis and GLPI Plan 3.8 Million-Square-Foot Joliet Warehouse Campus on Former Hollywood Casino Site

Prologis SVP Josh Zemon told Bisnow's Chicago Industrial Summit the Joliet deal pairs GLPI land with Day 1 ComEd coordination so power stays on the former casino campus. Chicago industrial construction fell to 11.4 million square feet in Q3 versus a 37 million peak.

·3 min read·by David Cartolano·Source: Bisnow

Prologis and Gaming and Leisure Properties are joint-venturing a roughly 3.8 million-square-foot warehouse campus on the former Hollywood Casino Joliet site at 777 Hollywood Boulevard, Bisnow reported November 4, 2026, with GLPI contributing 262 acres and Prologis leading development across at least three phases over five-plus years.


What Is GLPI Doing Outside Gaming for the First Time?

The Joliet project is GLPI's first major non-gaming redevelopment, per Bisnow's Chicago industrial coverage tied to the November 2026 deal timeline. Wyomissing, Pennsylvania-based GLPI historically owns casino real estate; here it contributes land, while Prologis builds logistics.

Prologis also bought an adjacent closed water park for $6.6 million in late October 2026, expanding the assemblage beside the Hollywood Boulevard casino footprint.


Why Did Josh Zemon Call Chicago Development Hand-to-Hand Combat?

At Bisnow's Chicago Industrial Summit, Prologis SVP Josh Zemon described infill entitlement work as "hand-to-hand combat" but worth it because scarcity supports rent growth on new product even with higher rates and capital costs.

Colliers data in Bisnow's piece:

Chicago industrial pipelineColliers Q3 2026
SF under construction11.4M
Peak Q3 2022>37M

Zemon argued the market will not return to 20-30M SF concurrently under construction because land, assemblage, and power are too hard. Prologis still runs a green light on select submarkets with high conviction.


How Does Power Shape the Joliet Bet?

Zemon said ComEd met in person on Day 1 at Joliet so Prologis would not strand casino-era power. Existing utility capacity is now table stakes for logistics development, echoing CEO Dan Letter's CNBC comments that energy resilience ranks first in location decisions.

That power thread links Chicagoland infill to Southern California portfolio buyers repricing light industrial on rent correction, not greenfield utility drama.


What Strategy Sits Behind the 3.8 Million Square Feet?

Zemon said customer conversations drive site selection: barrier-to-entry infill and large blocks where Class-A alternatives are scarce. Users are upgrading from Class B/C, supporting rent growth that offsets capital costs, he told Bisnow.

The Joliet campus is the large-format counterweight to Minooka and Glendale Heights sites Prologis acquired earlier in 2026. It is ground-up optionality while BKM-Kayne buy stabilized coastal stock.


The Numbers Worth Writing Down

  • Planned GLP SF: ~3.8 million
  • Land: 262 acres (GLPI JV)
  • Water park add-on: $6.6 million
  • Chicago U/C SF: 11.4M (vs >37M peak)
  • Phase count / timeline: 3+ phases, 5+ years

Casinos to Cubic Feet

Hollywood Casino Joliet becoming 3.8 million square feet of logistics is the 2026 industrial story in one redevelopment: gaming landlords monetize pads, logistics REITs bring power and tenants, and Chicago's construction meter stays one-third of peak while Prologis still builds.

If 91% of executives want decentralized fulfillment networks, Joliet-scale campuses are the supply response, even when monthly apartment rents dip nationally and storage advertised rates fall. Industrial location is increasingly energy + infill + phase optionality, not just clear height and dock count.


Sources

Frequently Asked Questions

How large is Prologis's planned Joliet industrial campus?

Bisnow reported November 4, 2026 that Prologis and Gaming and Leisure Properties target roughly 3.8 million square feet of warehouse and distribution buildings on the former Hollywood Casino Joliet site at 777 Hollywood Boulevard. The joint venture expects a multi-phase build spanning at least five years.

What role does GLPI play in the Joliet redevelopment?

Gaming and Leisure Properties supplies the 262-acre land in the joint venture while Prologis develops the industrial park. Trade coverage described the project as GLPI's first major venture outside gaming real estate.

Why did Prologis buy the adjacent water park site?

Bisnow noted Prologis acquired a closed water park property next to the casino campus for $6.6 million in late October 2026, enlarging the land available for the phased logistics park.

How does power availability affect the Joliet project?

Prologis SVP Josh Zemon told Bisnow's Chicago Industrial Summit the team held an in-person ComEd meeting on Day 1 to avoid losing power infrastructure from the former casino. He said existing utility service is a major edge for infill redevelopment.

How much industrial space is under construction in Chicago now?

Colliers data cited by Bisnow showed 11.4 million square feet under construction in Q3 2026, down from more than 37 million square feet at the Q3 2022 peak. Zemon said the market is unlikely to return to 20-30 million square feet concurrently under construction because entitlements are too difficult.