Ridge to Break Ground on 1.7M Facility

CHICAGO—As reported in GlobeSt.com, Michelin recently entered into a build-to-suit agreement to lease 1.7-million-square-feet of distribution space from Ridge Development at the RidgePort Logistics Center in Wilmington, IL, about 40 miles southwest of Chicago. And this Wednesday, Ridge, the industrial arm of Transwestern Development Company, will break ground on the project, the largest development of its kind this year. The developers expect to deliver the project for the tire manufacturer in mid-2015.

The ceremony will take place at 10:15 AM at 24593 Lorenzo Rd., one mile west of I-55 in Wilmington. Participants will include: Dan Seals, deputy director of the state’s Dept. of Commerce and Economic Development; J. Martin Orr, the mayor of Wilmington; Jim Martell, chief executive officer of Ridge; Pete Gasparini, regional manager, Ledcor Construction, the general contractor; executives from JLL, who brokered the lease; and other executives from Cornerstone Architects and Manhard Consulting.