Core Insights - Dermody, a private equity investment management company, has announced the leasing of a 351,520 square-foot logistics facility to Bottling Group, LLC, a division of PepsiCo, Inc., with the lease commencing in February 2026 [1][2]. Company Overview - Bottling Group, LLC manufactures and distributes a diverse range of non-alcoholic beverages, with annual sales exceeding $4.5 billion, making it one of the largest beverage manufacturers globally, with approximately 70% of sales generated in the U.S. and Canada [3]. Facility Details - The Logistics Campus, where the facility is located, is strategically positioned at the intersection of I-294 and Willow Road in Glenview, Illinois, and features Class A construction with immediate access to I-294 [4]. - The Logistics Campus is a master-planned development totaling 3,238,548 square feet, with flexibility for build-to-suit projects. Phase 1 has been completed, consisting of over 1.2 million square feet across five buildings, with more than two million square feet available for future phases [5]. Construction and Availability - Construction of the facility leased to Bottling Group is currently in progress, with delivery planned for the first quarter of 2026 [2][4]. - Four buildings within The Logistics Campus are currently available for occupancy, totaling 698,201 square feet, accommodating tenants from 50,000 square feet to 295,000 square feet, and featuring electric vehicle charging stations and solar-ready designs [6]. Regional Focus - Dermody's Midwest Region spans 15 states, focusing on logistics real estate in Chicago and Louisville, with eight available properties and four projects under construction, totaling more than 4.9 million square feet available [7]. Company Background - Founded in 1960, Dermody specializes in the acquisition and development of logistics real estate, having invested over $10 billion across various platforms and developed approximately 110 million square feet of logistics and industrial facilities nationwide [8].