JLL recently joined Ridge Development, the industrial development arm of Transwestern Development, and Elion Partners for the groundbreaking on two buildings in Ridgeport Logistics Center for the new headquarters of Consolidated Distribution Corp. (CDC).
Ridge Development president Jim Martell, pictured, spoke to the crowd in front of the CDC site about Ridgeport Logistics Center, a master-planned, 2,500-acre rail-served industrial park at the intersection of I-55 and Lorenzo Road in Wilmington. Positioned three miles from the entrance to the BNSF Logistics Park-Chicago in Elwood, with rail running from the Port of Los Angeles and Long Beach to Chicago, and the Union Pacific-Joliet Intermodal Terminal in Joliet, the site offers proximity to the largest inland container port in North America.Here’s JLL’s Steve Ostrowski, Dominic Carbonari and Keith Stauber, who market Ridgeport Logistics Center on behalf of Ridge Development and secured the lease with CDC. CDC, a food service supply chain logistics company, will relocate from Lemont to the site above, consolidating five of its distribution locations. Facilities will include a rail-served, 111,244 square-foot freezer build-to-suit and 286,867 square feet of a 574,867 square-foot (expandable to 1,078,867 square feet) ambient distribution facility, slated for delivery in October 2015. Ridgeport’s unique intermodal access and tenants like CDC will solidify the park as a major entry point for food operations, both refrigerated and frozen, serving the Midwest. Pictured: JLL’s Steve Ostrowski and Dominic Carbonari, Mike Rooney, Ridge Development’s Aaron Martell and Jim Martell, Liston & Tsantilis’s Brian Liston and JLL’s Keith Stauber.Steve and Keith, kidding around in hard hats. Last year, along with Dominic, they brokered a 1.7 million square-foot lease with Michelin tire company at Ridgeport, launching the industrial park and one of the largest deals Chicago has seen in the past decade. For context, the Michelin complex will be as large as nearly 30 football fields!