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Prologis to develop 1-million-square-foot logistics facility in Minooka

Prologis acquired 69 acres in Minooka, Illinois, where it will develop Minooka Exchange, a 1,002,000-square-foot Class-A logistics facility. The project will add much needed large-format space…

A Record Rent, a Demand Reversal and a New Model for the West Side: Chicago industrial at mid-year

Chicago's industrial market crossed a threshold in the second quarter that it had never touched before. Average asking net rents topped $8 per square foot…

Prologis acquires 26 acres in Chicago’s Central DuPage submarket for 454,000-square-foot logistics development

Prologis is expanding its footprint in the Chicago market with plans for what will be the largest new industrial development ever built in the Central…

Prologis breaks ground on 229,000 square feet within Houston-area industrial and logistics park

Prologis broke ground on the final phase of speculative development within its La Porte, Texas, industrial and logistics park, Port Crossing Commerce Center. Plans call for…

Prologis, MillerKnoll break ground on 112,320-square-foot industrial expansion in Ohio community

Prologis and MillerKnoll broke ground on a major expansion at 3001 Afton Drive in Batavia, Ohio. The logistics project will add 112,320 square feet to…

Prologis vice chairman retires

Prologis vice chairman Gene Reilly retired at the end of 2023, but will continue to serve the company as a senior advisor through April of this…

Prologis, Sterling Bay among companies investing in Chicago’s SW suburbs

Prologis recently acquired a fully leased asset in Bolingbrook, Illinois, for $23 million—but it isn't the only company to have recently invested in the area.

Prologis adds vice president, market officer to Chicago team

Sean Olvany has been promoted to vice president, market officer, Chicago for Prologis to oversee all portfolio and market operations for Chicago. Sean is also…

Demand, sustainability and automation: A Q&A with Prologis

Chicago continues to be a magnet for REITs, especially for those seeking industrial space. As for what makes the region a secure opportunity for investors, Prologis weighed in.

Demand for sustainable warehouses to pick up with decreasing costs

Warehouse development starts are predicted to drop in the coming months, but demand for sustainable warehouse development is picking up, according to Prologis.

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