CRE N Illinois

NAIOP chooses Bravo Building in Illinois as industrial spec development of the year

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The NAIOP recently named Building Bravo in the RidgePort Logistics Center in Wilmington, Illinois, as its “Industrial Speculative Development of the Year” at the association’s Annual Awards of Excellence ceremony.

The NAIOP recently named Building Bravo in the RidgePort Logistics Center in Wilmington, Illinois, as its “Industrial Speculative Development of the Year” at the association’s Annual Awards of Excellence ceremony.

The fully leased, 1.1 million-square-foot distribution center was developed by Ridge Development, the industrial development arm of Transwestern Development Co. The building is located just south of the BNSF and Union Pacific Intermodals.

“I’m thrilled with the momentum we’re experiencing at RidgePort,” said Jim Martell, president of Ridge Development. “The team is working hard to carry the success forward into 2017.”

Building Bravo broke ground in December of 2014 and delivered in two phases, the first phase about 575,000 square feet and the second about 504,000. Consolidated Distribution Corp., a leading food service supply chain logistics company, pre-leased roughly 360,000 square feet of the first phase. Post Consumer Brands LLC, a consumer packaged-foods company, leased the remaining 720,000 square feet in the summer of 2016.

RidgePort Logistics Center is a master-planned, 2,500-acre, rail-served industrial park at the intersection of Interstate-55 and Lorenzo Road in Wilmington. RidgePort has 2.5 miles of frontage along I-55 and two miles of frontage along the BNSF Railway mainline that runs from the ports of Los Angeles and Long Beach to Chicago.

About 4 million square feet is built at RidgePort, with an additional 2.3 million square feet under construction. The park has the capacity to accommodate roughly 15 million square feet of additional industrial, warehouse and logistics buildings. In addition to CDC and Post Consumer Brands, existing tenants include Michelin, Batory Foods and a Fortune 500 consumer brands company. A full-service Petro Travel Plaza provides refueling, dining options, truck queuing, truck washing and truck maintenance.