James Martell Of Logistics Property Co. Acquires 74-Acre Industrial Site In Joliet, IL

An industrial asset comprising a 74-acre site is located at 23960 South Houbolt Road in Joliet, Illinois. The property is strategically situated near major intermodal terminals and the I-55 and I-80 highways, with plans to construct a 1.28 million-square-foot industrial building slated to commence in spring 2027 and expected to be completed by spring 2028.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 23960 South Houbolt Road
• Market: Joliet, IL
• Acres: 74
• Buyer: James Martell - Logistics Property Co.
• Broker: Ryan Klink - Cushman & Wakefield

James Martell, representing Logistics Property Company, has facilitated the acquisition of the industrial site, which aims to enhance logistics capabilities in the area. Ryan Klink from Cushman & Wakefield acted as the broker for this transaction.