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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 
Amazon leased one million square feet at CenterPoint Intermodal Center, the Chicago area's biggest industrial lease of 2022's first quarter

Amazon Leases 1M SF in Joliet for Chicagoland’s Biggest Warehouse Deal Year-to-Date 

Amazon has leased a one-million-square-foot warehouse at the CenterPoint Intermodal Center in Joliet, IL, reported Crain’s Chicago Business. It’s the biggest Chicago-area industrial lease this year and is also the first large warehouse deal the Seattle-based retailer has made locally in several months, although it recently signed a deal of similar size in Kenosha, WI. 

The e-commerce giant went on a real estate binge in the early months of the pandemic, cutting nearly two dozen industrial deals in the Chicago area in 2020 alone, Crain’s reported. To improve its coverage of the market and speed up delivery times, Amazon embarked on an aggressive expansion of its distribution network, accounting for a huge share of all industrial leasing in the Chicago area that year. 

But the company now intends to expand more slowly, Amazon CFO Brian Olsavsky told analysts during a February conference call. “We see that moderating,” he said. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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