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Elion Partners Proposes $2B Logistics Park; Hires CBRE as Agent
Upon completion, the park will be the largest rail-served industrial mixed-use logistics park in the Midwest, and one of the largest in the country.
By John Jordan |
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.
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