Updated Jul 3, 2026
Hamid Moghadam Of Prologis Acquires Development Site In Glendale Heights For $XXM
375 East Army Trail Road & 400 Regency Drive
Building Size
—
Asset Type
Development Site
Closing
Jul 1, 2026
About this deal
AI
Prologis acquired a development site located at 375 Army Trail Road & 400 Regency Drive in Glendale Heights, Illinois. The site encompasses 26.19 acres and is designated for the development of two speculative Class A logistics buildings totaling 454,000 square feet within a significant industrial market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Total Square Footage: 454,000
- Acreage: 26.19
- Address: 375 Army Trail Road & 400 Regency Drive
- Market: Glendale Heights, IL
- Buyer: Hamid Moghadam
- Company: Prologis
This acquisition marks a strategic expansion for Prologis, enhancing their Chicago portfolio which includes 341 properties totaling more than 79 million square feet. The development will feature modern warehouse specifications and improvements to the surrounding infrastructure, as well as providing direct access to Interstate 355.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93