Dermody Announces the Lease of Building 10 at The Logistics Campus

GLENVIEW, Ill., May 13, 2025 /PRNewswire/ -- Dermody—a diversified private equity investment management company focused exclusively on the national logistics real estate sector—is pleased to announce that Bottling Group, LLC, operating as Pepsi Beverages Company, a division of PepsiCo, Inc. (NASDAQ: PEP), has leased Building 10 at The Logistics Campus, a 351,520 square-foot build-to-suit logistic facility. The lease will commence in February of 2026.

Bottling Group, LLC. manufactures, distributes, and sells a diverse portfolio of non-alcoholic beverages, including soft drinks, bottled water, energy drinks and fruit juices. With annual sales exceeding $4.5 billion, Pepsi Beverages Company ranks among the world's largest beverage manufacturers, sellers and distributors, with approximately 70 percent of its sales generated in the United States and Canada. 

"We welcome Pepsi to The Logistics Campus," said Neal Driscoll, Midwest Region Partner at Dermody. "This build-to-suit facility validates our strategy of delivering best-in-class logistics space that can serve the broad consumer demographic in Chicago. Positioned in one of Chicago's most active submarkets, The Logistics Campus is well equipped to support Pepsi's growth and evolving logistics needs."

The Logistics Campus is located at the intersection of I-294 and Willow Road in Glenview, Illinois. It is situated near a wide array of amenities, features Class A construction and design, and has immediate access to I-294. Site work for Building 10 is underway with delivery planned for the first quarter of 2026.

"The Logistics Campus is a strong example of Dermody's commitment to sustainable, high-performance industrial development," said Elizabeth Kauchak, Chief Operating Officer at Dermody. "Its strategic location, just minutes from O'Hare International Airport, along with access to a labor pool of more than 774,000 within a 10-mile radius, makes it a smart solution for companies looking to scale in the Midwest or establish a stronger regional footprint."

The Logistics Campus is a master-planned, 10-building logistics campus totaling 3,238,548 square feet with flexibility to accommodate build-to-suits. Construction was recently completed on Phase 1 of The Logistics Campus, which consists of more than 1.2 million square feet spread out over five buildings with over two million square feet available for future phases.

Four buildings are currently available for occupancy (totaling 698,201 SF), all of which accommodate tenants from 50,000 SF to 295,000 SF with electric vehicle charging stations, structures designed to be solar-ready and speculative offices to accommodate quick occupancy.

Dermody was represented by Colliers International and Pepsi Beverages Company was represented by Cresa in this transaction.

Dermody's Midwest Region spans 15 states, with a focus on Chicago and Louisville logistics real estate. The region currently has eight available properties, four projects under construction and more than 4.9M SF available. For more information on those properties, please visit the region page on Dermody's website.

About Dermody

Dermody is a privately-owned real estate investment, development and management firm that specializes in the acquisition and development of logistics real estate in strategic locations for e-commerce fulfillment centers, third-party logistics and distribution customers. Founded in 1960, Dermody has invested more than $10 billion of total capital across all platforms nationwide, having acquired and developed approximately 110 million square feet of logistics and industrial facilities. In addition to its corporate office in Reno, Nevada, it has regional offices in Atlanta, Chicago, Dallas, Indianapolis, New Jersey, Northern California, Phoenix, Seattle and Southern California. For more information, visit Dermody.com

CONTACT: Nicole Shearer, KPS3, nicole.shearer@kps3.com, 530-448-6485

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SOURCE Dermody