Prologis lands former Audacy site for $100M warehouse project; REIT plans 454K-square-foot Glendale Heights development

Highlights
A Prologis affiliate scooped up a 25-acre parcel in Glendale Heights to develop a pair of warehouses on the land that used to belong to broadcasting company Audacy. 
The industrial real estate investment trust’s bet could jumpstart more industrial development to juice warehouse demand. 
Development of the pair of warehouses and the land rights will run the company around $100 million. 

Prologis (NYSE: PLD)
Sean Olvany | VP, Market Officer-Chicago

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