Gaming and Leisure Properties Forms Joint Venture With Prologis to Redevelop Former Joliet Casino Site
Bitget2026/10/28 13:04- Gaming and Leisure Properties entered definitive agreements with Prologis to form a joint venture redeveloping the former Hollywood Casino Joliet site.
- GLPI will contribute the 262-acre Joliet, Illinois, parcel in three phases; Prologis will serve as managing member and developer.
- Plans call for five Class A warehouse and distribution buildings totaling more than 3.8 million square feet, subject to city approval.
- Development is expected over approximately five years, with Prologis holding options to develop the second and third phases.
- The deal marks GLPI's first joint venture and its first investment outside gaming, expanding into industrial and logistics real estate.
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