Target
Target confirmed it has leased a 1.2 million-square-foot industrial building under construction in the Third Coast Intermodal Hub, an industrial park under construction in Joliet. It’s the biggest industrial lease in the Chicago area in more than two years and part of a multiyear expansion of Target’s local distribution network.
A Target spokesman confirmed the Minneapolis-based retailer has leased a 1.2 million-square-foot warehouse at 101 Compass Boulevard in Joliet for a “supply chain facility.” It’s the first building leased in the 530-acre Third Coast Intermodal Hub, an industrial park under construction in Joliet.
Target has been expanding its local distribution network in recent years, opening a 1 million-square-foot warehouse in Chicago’s Little Village neighborhood in 2021. It followed up last year with leases for two smaller warehouses in Elmhurst and on Chicago’s Southwest Side, near Midway Airport. The chain also operates a 1.4 million-square-foot distribution center in DeKalb and another 1.2 million-square-foot facility in Joliet that opened in 2019, according to real estate data provider CoStar Group.
Target also recently disclosed a $100 million plan to expand its next-day delivery capabilities by opening six new sorting centers around the country.
Year Relocated: 2023
Year Relocated
2023
