A San Francisco-based real estate investor just paid $87 million for a Romeoville warehouse leased entirely to Amazon, a price that reflects the tech giant's decision to lock in the site for another decade. The 767,161-square-foot facility at 1125 Remington Boulevard sold for roughly $113 per square foot, according to CoStar data, after Amazon extended its lease through September 2036.
The deal involved seller BGRE, according to Bisnow. The buyer, a Stockbridge Capital affiliate, is based in San Francisco, according to The Real Deal, which reported the sale. Stockbridge Capital Group managed approximately $37.4 billion in assets as of late 2025 across national residential and industrial portfolios, per Stockbridge Capital Group.
The warehouse's price jumped dramatically from the $58 million valuation it carried in 2024, according to CoStar data, when a BGRE venture — formerly known as Brookfield Properties — acquired it through a portfolio acquisition, per the same account. Amazon first occupied the facility in October 2016 under a long-term lease establishing a major order fulfillment center along the Interstate 55 corridor, according to Bisnow. Amazon's decision to extend that lease by another decade, through September 2036 according to Crain's, was reported alongside the property's higher sale price.
A Submarket Built for Institutional Capital
The Remington Boulevard site sits in Romeoville along the I-55 corridor. The broader area has also seen industrial deals.
The sale arrives amid a broader wave of big-ticket industrial deals across Will County. In May, Realty Income purchased a 910,800-square-foot warehouse in nearby University Park for $124 million, setting the record for the largest single-property industrial sale in the Chicago area in more than five years, as Hoodline reported. Then in August, Ares Management bought a 10-property, 717,000-square-foot light industrial portfolio across Will, DuPage, and Kane counties for $84 million — about $117 per square foot — from High Street Logistics Properties, in a deal Hoodline also covered.
Even as Some Tenants Shrink, Big Users Double Down
The Remington Boulevard sale underscores a split playing out across Chicago's warehouse market. Pandemic-era e-commerce demand had driven companies to sign warehouse leases in 2021 and 2022 that typically ran five years, but as conditions have normalized, the region has seen unused warehouse space pile up as some companies shed square footage. Others are consolidating into larger footprints, competing for a shrinking pool of prime big-box space even as smaller occupiers trim their holdings.
Amazon's decade-long recommitment to Romeoville stands out against that backdrop, alongside other major logistics players staking claims across the region. Prologis has made two separate $100 million bets on large Chicago-area warehouses and is developing massive 1-million-square-foot facilities, and a large-scale logistics facility is planned along Interstate 80 in Minooka, according to CoStar News.
Demand within the Romeoville submarket itself has stayed active this year. Third-party logistics provider Distribution 2000 signed a 453,568-square-foot lease at Windham Industrial Center VI in June, a deal Hoodline detailed in its report on a Romeoville warehouse lease. That leasing activity fits within a broader regional market.
Amazon's parallel strategy extends beyond suburban distribution hubs like Romeoville. In July, the company moved to acquire Chicago's first modern vertical logistics center, putting a 571,423-square-foot multistory complex near Goose Island under contract, as Hoodline reported at the time. Taken together, the deals suggest that while the market sorts out excess space left over from the pandemic boom, credit tenants like Amazon are still willing to pay up — and investors like Stockbridge are still willing to bet on them — for well-located, long-leased distribution facilities along the region's core freight corridors.
