CHICAGO—Michelin has entered into abuild-to-suit agreement to lease 1.7-million-square-feet ofdistribution space that Ridge Development willsoon begin developing at the RidgePort LogisticsCenter in Wilmington, IL, about 40 miles southwest ofChicago. The developers expect to deliver the project for the tiremanufacturer in mid-2015.
Ridge, the industrial arm of Transwestern DevelopmentCompany, is the developer of RidgePort, a 1,500-acre,rail-served intermodal park with room for 14-million-square-feet ofindustrial, warehousing and logistics buildings.
“We are excited to break ground on the Michelin project,” saysJim Martell, president of Ridge Development. “Asone of the largest U.S. distribution complexes when fully builtout, this project should boost RidgePort to one of the mostsignificant logistics parks in the country.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
