Industrial Realty Group, LLC executed a long-term lease with Hyundai Translead, a subsidiary of Hyundai Motor Company, in Joliet, Illinois.
Hyundai Translead will lease 1.38 million square feet of space in Joliet, expanding its manufacturing footprint to better serve its customers. The facility, which was formerly Caterpillar’s main plant, will once again support a powerhouse global manufacturing company and employ thousands of people.
In addition to the Joliet facility, Hyundai Translead will also move into a second Will County location at the former Lion Electric site. The expansions will collectively create approximately 2,500 new full-time jobs and $450 Million of investment into the facilities.
The Joliet transaction was managed by Onno Steger, Senior Vice Present of IRG.
DarwinPW Realty/CORFAC International’s Jerry Sullivan and Ed Wabick represented the landlord and Shamus Conneely of John Greene Commercial represented the tenant.
