Prologis stock: GLPI venture opens Illinois logistics pipeline

Published on 10/30/2026 at 17:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Prologis stock is tied to a planned Illinois logistics campus with Gaming and Leisure Properties. City approval remains the next milestone.

Illinois venture adds logistics capacity

Prologis will manage and develop a planned warehouse park with Gaming and Leisure Properties.
The project remains subject to City of Joliet approval and will be built in three phases.
GLPI is moving beyond gaming real estate through its first logistics investment and joint venture.

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Gaming and Leisure Properties announced the joint venture with Prologis on October 28, 2026, to redevelop the former Hollywood Casino Joliet site in Illinois. Connect CRE reported the plan on October 29.

GLPI will contribute the 262-acre parcel at 777 Hollywood Boulevard in three phases. Prologis will serve as managing member and developer, with the site planned as a modern warehouse and distribution park comprising five buildings and more than 3.8 million square feet.

Development depends on city approval

The project is expected to take approximately five years and remains subject to review and approval by the City of Joliet. Prologis holds options over the second and third phases, giving the company a potential role beyond the initial development stage.

Josh Zemon, Prologis senior vice president and investment officer, said the location offers strong access and an opportunity to create a logistics campus supporting the local economy and businesses operating in Joliet. The statement adds management context to the development plan but does not establish financial terms or a contribution to earnings.

GLPI broadens its real estate focus

The transaction is GLPI's first joint venture and its first investment outside the gaming sector. For Prologis, the project adds a planned development opportunity in a major logistics corridor, while the commercial impact will depend on approvals, phasing and future leasing.

Prologis stock traded at EUR 114.75 on Lang & Schwarz at 17:14:37 CET on Friday, October 30, 2026. The real-time quote of Prologis stock is available separately.