WILMINGTON, Ill. – Michelin has entered into a build-to-suit agreement whereby the tire manufacturer will lease 1.7 million square feet of distribution space to be constructed at the new RidgePort Logistics Center in Wilmington, Ill., approximately 40 miles southwest of Chicago.
Construction is scheduled to begin soon, with an expected delivery in mid-2015. RidgePort, a 1,500-acre, rail-served intermodal park with room for 14 million square feet of industrial, warehousing and logistics buildings, is being developed by Ridge Development, the industrial arm of Transwestern Development Co.
“We are excited to break ground on the Michelin project,” said Jim Martell, president of Ridge Development. “As one of the largest U.S. distribution complexes when fully built out, this project should boost RidgePort to one of the most significant logistics parks in the country.”
“The Michelin distribution center will be a showpiece for RidgePort Logistics Center and the city of Wilmington,” said Tony Graff, Wilmington city administrator. “The project is already benefitting the city, bringing with it both temporary construction and permanent jobs, a high standard of employee safety and exceptional community relations.”
Located in the Will County Inland Port region, the largest inland container port in North America, RidgePort provides economic incentive packages to qualified companies, has an Enterprise Zone designation and qualifies for a Foreign Trade Zone designation.
