Michelin will lease a 1.7 million-square-foot distribution facility in Wilmington, Ill., from Ridge Development, the industrial development arm of Transwestern Development Co.
The facility is expected to be delivered in July 2015, according to The Chicago Tribune. A groundbreaking ceremony has been scheduled for July 23.
The city of Wilmington, Ill., has reportedly offered the tire manufacturer incentives valued at more than $2.5 million to make the move from its smaller facility in Monee, Ill., to Wilmington.