The 262-acre site that once hosted Hollywood Casino Joliet is being transformed into a sprawling industrial park, under a new joint venture between Gaming and Leisure Properties and logistics giant Prologis. The plan calls for five warehouse buildings totaling more than 3.8 million square feet at 777 Hollywood Boulevard, with construction expected to unfold over roughly five years in three phases.
Gaming and Leisure Properties, known as GLPI, announced the agreement on Wednesday, according to a news release from the company. Under the deal, GLPI will contribute the Joliet parcel to the joint venture in phases, while Prologis will serve as the managing member and developer responsible for bringing the project to life.
