Michelin North America entered into a built-to-suit agreement in which the tire manufacturer will lease 1.7 million sq. feet of distribution space to be constructed at the Ridgeport Logistics Center in Wilmington, Ill., according to local reports.
Ridgeport, a 1,500-acre, rail-served intermodal park, has room for 14 million sq. feet of industrial warehousing and logistics buildings. The park would serve as the western terminus of the proposed Illiana Expressway, a toll road that would connect Interstate 55 and Interstate 65 in northern Illinois and Indiana.