Business
IRG Secures 1.38 Million Sq. Ft. Hyundai Translead Lease in Joliet, IL
Industrial Realty Group, LLC (IRG), one of the country's largest owners of commercial and industrial properties, is proud to announce it has executed a long-term lease with Hyundai Translead, a subsidiary of Hyundai Motor Company.
About this update from Hyundai Motor Company
[{"type":"text","content":"Will County Expansion to Result in Nearly 2,500 Jobs, $450 Million Investment","length":77,"tagName":"p","attribs":{}},{"type":"text","content":"JOLIET, Ill., April 9, 2026 /PRNewswire/ -- Industrial Realty Group, LLC (IRG), one of the country's largest owners of commercial and industrial properties, is proud to announce it has executed a long-term lease with Hyundai Translead, a subsidiary of Hyundai Motor Company.","length":278,"tagName":"p"},{"type":"image","alt":"IRG and Hyundai executives announce the Illinois expansion at a trade show in March 2026.","displaySize":"","headline":null,"caption":"IRG and Hyundai executives announce the Illinois expansion at a trade show in March 2026.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":284,"url":"https://media.zenfs.com/en/prnewswire.com/5b5aea52035b5d139181269336d950e3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/qMtyzl1LerN7M2qKvwp8Ug--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUwMQ--/https://media.zenfs.com/en/prnewswire.com/5b5aea52035b5d139181269336d950e3","width":400,"height":284}},"href":"https://mma.prnewswire.com/media/2953314/Industrial_Realty_Group_LLC_Hyundai_Translead_Lease_in_Joliet_IL_2.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Hyundai Translead will lease 1.38 million square feet of space in Joliet, Illinois, expanding its manufacturing footprint to better serve its customers. The facility, which was formerly Caterpillar's main plant, will once again support a powerhouse global manufacturing company and employ thousands of people.","length":313,"tagName":"p"},{"type":"text","content":""We are proud to partner with Hyundai Translead on this transformative project," said Justin Lichter, Chief Investment Officer of IRG. "This lease represents the beginning of a new chapter for the facility, county and state. It reinforces IRG's commitment to revitalizing complex industrial assets into modern, high-impact economic drivers."","length":365,"tagName":"p"},{"type":"text","content":""Our expansion to Illinois represents years of planning and a shared vision for long-term growth," said Sean Kenney, Chief Executive Officer of Hyundai Translead. "This investment reflects our confidence and commitment to building products, workforce development, and partnership...