Hyundai Translead Industrial Lease Expansion in Joliet and Will County
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Source: REBusinessOnline
Hyundai Translead, a subsidiary of Hyundai Motor Co., has signed a 1.4 million-square-foot industrial lease in Joliet, Illinois, at a property formerly Caterpillar's main plant owned by Industrial Realty Group LLC. Additionally, Hyundai Translead will move into a second location in Will County at the former Lion Electric site. These expansions will create approximately 2,500 new full-time jobs and
- Status
- Closed
- Sector
- Manufacturing (Industrial)
- Location
- Joliet, Illinois, United States of America
- Updated
- 22 Jul 2026
- Source
- REBusinessOnline
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Project Information
Participants
| Not available for this record. |
Status
Original status | leased |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Hyundai Translead, a subsidiary of Hyundai Motor Co., has signed a 1.4 million-square-foot industrial lease in Joliet, Illinois, at a property formerly Caterpillar's main plant owned by Industrial Realty Group LLC. Additionally, Hyundai Translead will move into a second location in Will County at the former Lion Electric site. These expansions will create approximately 2,500 new full-time jobs and represent a $450 million investment in the state. |
Original sector | Industrial |
Budget |
Location
Country | United States of America (USA) |
State | Illinois |
City | Joliet |
Source
Source | REBusinessOnline |
URL |
More Details
Record type | Project |
Sector | Manufacturing (Industrial) |
Article published date | 2026-04-13 |
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