Gaming and Leisure Properties Enters Joint Venture with Prologis, Inc. to Develop the Former Hollywood Casino Joliet Site
Key Highlights
- ➤GLPI contributes 262-acre Joliet parcel to joint venture with Prologis
- ➤Prologis plans five-building logistics park exceeding 3.8 million square feet
- ➤Development spans approximately five years across three phases
- ➤GLPI enters first joint venture and expands beyond gaming into industrial logistics
- ➤Prologis holds options over development of phases two and three
Expert Statements
Peter Carlino, Chairman and CEO of Gaming and Leisure Properties
“We are pleased to partner with Prologis, a leader in the logistics real estate space, in this joint venture. We see considerable value in this development, as we contribute and monetize our expansive Joliet land parcel, and benefit from the expertise of Prologis in the development of this coveted site.”
Josh Zemon, SVP and Investment Officer at Prologis
“We are excited to partner with GLPI on this project. The site offers exceptional location and access, and we see a strong opportunity to create a modern logistics campus that supports the local economy and businesses looking to operate in Joliet.”
Josh Zemon, SVP and Investment Officer at Prologis
“We look forward to working with GLPI, the City of Joliet, and the community as we move through the development process.”
WYOMISSING, Pa., Oct. 28, 2026 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI”) today announced it has entered into definitive agreements to form a joint venture with Prologis, Inc. (NYSE: PLD) (“Prologis”) to develop the former Hollywood Casino Joliet site.
GLPI will contribute the 262-acre parcel at 777 Hollywood Boulevard in Joliet, Illinois to the joint venture in three phases, and Prologis will serve as the managing member and developer of the site. Prologis intends to develop the site, subject to the review and approval by the City of Joliet, into a modern Class A warehouse and distribution park, which, when completed, is currently anticipated to consist of five building structures totaling more than 3.8 million square feet. The project is expected to be developed over approximately five years, in three phases, with Prologis holding options over the development of phases two and three.
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