By Amara Osei

LogiPropCo commits to 1.3 million square-foot Joliet build

LogiPropCo has committed to a 1.3 million square-foot industrial facility in Joliet, Illinois, after purchasing a 74-acre site in the I-80 corridor. Logistics Property Co. LLC will begin construction in spring 2027 and expects to deliver the building in spring 2028.

The spring 2027 start and spring 2028 delivery establish a roughly 12-month schedule from construction through expected completion. The announcement does not provide a phased completion timetable for the 74-acre parcel.

What does the Joliet location provide?

Located at 23960 S. Houbolt Road, the parcel offers immediate proximity to two intermodal terminals (rail transfer facilities): BNSF’s Logistics Park Chicago Intermodal and Union Pacific’s Global 4 Intermodal Terminal. The Houbolt Road extension provides direct access to I-55 and I-80, according to the project announcement.

The location combines three transport references around one 74-acre parcel: the I-80 corridor, proximity to two named intermodal terminals and direct access to I-55 and I-80. For LogiPropCo, those three references support a site strategy centered on rail and highway connectivity.

Proximity to two intermodal terminals broadens the site’s transport proposition, while direct I-55 and I-80 access supports road connectivity. For LogiPropCo, these are the disclosed location advantages underpinning the 74-acre acquisition and 1.3 million square-foot development.

What will the 1.3 million square-foot facility contain?

The completed facility will total 1.3 million square feet and have a clear height of 40 feet, providing 40 feet of unobstructed interior space below the roof structure. Planned features also include cross-dock loading and ample car and trailer parking.

Cross-dock loading, a layout that permits direct freight transfer between transport modes, supports the site’s intermodal setting. The parking provision covers both cars and trailers, adding land-based vehicle capacity to the 74-acre parcel.

Together, the 1.3 million square-foot footprint, 40-foot clear height, loading configuration and vehicle parking establish the operating template for the project. The disclosed package covers four measurable or defined elements: floor area, vertical clearance, freight-transfer configuration and parking capacity.

Is the building speculative or build-to-suit?

LogiPropCo will develop the project as a spec building, meaning it is not tied to a named occupant in the announcement. The facility is also available as a build-to-suit project, under which construction can be tailored to an identified tenant’s requirements.

The two options create distinct paths for prospective occupiers without changing the disclosed location or scale. Either route retains direct access to I-55 and I-80 and proximity to the two intermodal terminals. Neither option carries a disclosed tenant or lease value, and the announcement specifies no separate occupancy timetable beyond expected spring 2028 delivery.

Who is handling the transaction and leasing?

Ben Fish and Vince Pergande of LogiPropCo worked with Ryan Klink of Cushman & Wakefield on the site transaction. Klink, together with colleagues Jason West and Sean Henrick, will serve as the project’s leasing representatives.

The transaction and leasing teams connect the 74-acre acquisition with the planned leasing of both a spec building and a build-to-suit alternative. Their appointments establish the commercial side of the project before construction begins in spring 2027.

Who is designing the project?

Architects Plus Design will serve as project architect, while Jacob & Hefner Associates will provide civil engineering for the 74-acre site. For a 1.3 million square-foot, 40-foot-clear project, those appointments place design responsibility for both the structure and its land parcel.

The project has now identified its architect, civil engineer, transaction participants and leasing representatives before construction begins in spring 2027. The announcement therefore assigns responsibility for design, acquisition support and leasing while leaving the project’s commercial terms undisclosed.

What remains undisclosed?

The announcement does not disclose the land purchase price, construction cost, financing structure, lease terms or an anchor tenant. It also provides no hiring forecast, phased delivery schedule or operating targets.

Those omissions prevent calculation of rental income, development returns or employment effects. Until those commercial terms emerge, the measurable case rests on 74 acres, 1.3 million square feet, 40-foot clear height, and the spring 2027-to-spring 2028 schedule.

LogiPropCo’s decision places a large industrial building near two named intermodal terminals and with direct access to I-55 and I-80. Ryan Klink of Cushman & Wakefield supported the transaction and will join colleagues Jason West and Sean Henrick as a leasing representative, while Architects Plus Design and Jacob & Hefner Associates hold the design roles.

The remaining variables are commercial: construction financing, tenant commitments, lease economics and tenant occupancy following expected spring 2028 delivery. On disclosed facts, the project offers scale, intermodal proximity, interstate access and a 12-month build schedule. Its financial performance and occupancy risk remain unquantified because the announcement includes no cost, rent or tenant data.