The rebranded Elion Logistics Park has the potential to house more than 30 million square feet of distribution space. The rebranded Elion Logistics Park 55 has the potential to house more than 30 million square feet of distribution space.

WILMINGTON, IL—Elion Partners reports that it plans to spend approximately $2 billion to expand the former RidgePort Logistics Center here. The Miami-based real estate investment firm plans an additional 30 million square feet of distribution space at what is now being called the Elion Logistics Park 55.

As part of its new plan for the property that it acquired in 2016, Elion has retained commercial brokerage firm CBRE as the exclusive leasing agent for the 140-acre complex that Elion says will serve an underserved trucker and warehouse workforce.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.