Former Joliet Casino Site Becomes Warehouse Park
Owners and neighbors near 777 Hollywood Boulevard should expect a phased build-out of five buildings over about five years.
Updated on Nov. 2, 2026 in Commercial
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Gaming and Leisure Properties has agreed to form a joint venture with Prologis Inc. that will turn the former Hollywood Casino site in Joliet into a warehouse and distribution park. Gaming and Leisure Properties will contribute the 262-acre parcel at 777 Hollywood Boulevard in three phases, with Prologis as managing member and developer.
Why it matters
The former Hollywood Joliet site was vacated by Penn Entertainment Inc. in September 2025, leaving a large vacant gaming-era parcel in the city. Converting it to industrial use reflects the continued shift of large Joliet properties toward warehouse and logistics development, and it is the first investment outside the gaming sector for Gaming and Leisure Properties.
The 262-acre parcel at 777 Hollywood Boulevard will be contributed in three phases to a joint venture led by Prologis as managing member. The planned Class A warehouse and distribution park would include five buildings totaling more than 3.8 million square feet.
The players
Gaming and Leisure Properties
A Wyomissing-based real estate investment trust that owns gaming properties, including the former Hollywood Casino parcel, and is now entering its first joint venture and first investment outside gaming.
Prologis Inc.
A major industrial and logistics real estate company that will serve as managing member and developer of the planned Joliet warehouse park.
Penn Entertainment Inc.
The gaming operator that vacated the former Hollywood Joliet site in September 2025.
The details
Gaming and Leisure Properties will contribute the parcel to the joint venture in three phases rather than all at once. Prologis will serve as managing member and developer, and the site development is subject to review and approval by the City of Joliet. Prologis would hold options over the development of phases two and three, so the build-out depends on those options as well as city approval. The project is expected to take approximately five years to complete.
Timeline
September 2025: Penn Entertainment Inc. vacated the former Hollywood Joliet site.
November 2, 2026: The joint venture agreement was announced.
Approximately five years: Projected development timeframe for the warehouse park.
The Home Front
The Joliet deal places a former casino parcel into the city's industrial and logistics land base rather than returning it to gaming or residential use. It is a commercial real estate move that reflects how large vacated sites in the Joliet area are being repositioned for distribution uses.
If you live near 777 Hollywood Boulevard in Joliet, expect the site's use to change over roughly five years as the warehouse park is built in phases. Homeowners and renters nearby may want to follow City of Joliet review and approval meetings, since that process will set the project's pace.
The takeaway
Large vacated casino parcels can be repositioned into industrial use, which can change the character of nearby neighborhoods over several years. If you live close to the site, track the City of Joliet's review process for the phased build-out.
What happens next
The City of Joliet must review and approve the site development, and Prologis holds options over phases two and three, so the timeline for those later phases is still open.
Further reading
For more on how vacated sites are being repositioned, see Commercial real estate coverage across the Joliet area.
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Do you support turning the former Joliet casino site into a warehouse park?
