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CHICAGO, June 27, 2011 — Jones Lang LaSalle announced today that the company has been hired as the exclusive marketing agent for the RidgePort Logistics Center, a strategically located 1,500-acre rail-served industrial park near Joliet, Ill., just three miles from the largest inland container port in the United States.
This fully entitled, shovel-ready park is master-planned to include more than 20 million square feet of industrial space in buildings ranging in size from 200,000 to 2.5 million square feet. It is being developed by Chicago-based Ridge Property Trust.
Jones Lang LaSalle’s Keith Stauber, SIOR, John Carver, Dominic Carbonari and Steve Ostrowski will oversee the marketing of the property on Ridge’s behalf.
“This development responds to increased customer demand for integrated rail and logistics solutions, all within three miles of the nation’s largest inland container port,” said Carver, head of Jones Lang LaSalle’s Ports, Airports and Global Infrastructure practice. “It will serve as a strategic Midwest warehousing and distribution hub for years to come.”
RidgePort Logistics Center is located along Interstate-55 at Lorenzo Road in Wilmington, Ill., about 9 miles south of the I-55/ I-80 interchange and around 40 miles southwest of downtown Chicago.
In addition to being rail-served by the BNSF mainline, the park is also strategically positioned near the BNSF Logistics Park-Chicago in Elwood, Ill., and the Union Pacific-Joliet Intermodal Terminal in Joliet. Together, these two intermodals constitute the largest inland container ports in the United States, positioning RidgePort Logistics Center clients to take advantage of local, national and international trade routes originating in the Far East via the Ports of Los Angeles and Long Beach.
“Our new partnership with Jones Lang LaSalle will accelerate the development of RidgePort,” said James Martell, CEO of Ridge Property Trust. “We know we have the perfect location, and look forward to serving the needs of global customers in this vital transportation area.”
Keith Stauber, Regional Managing Director of Jones Lang LaSalle’s Industrial Services group in the Midwest said that the park is one of the premiere facilities of its kind in the country.
“With I-55 and the UP and BNSF intermodals all at an arm’s reach, the ease of access that this park provides is truly second to none,” he said. “At the same time, however, the park is just far enough removed from the traffic and congestion of other facilities to provide exceptionally efficient operations.”
About Ridge Property Trust
Ridge Property Trust (Ridge), a privately-held real estate investment trust (REIT) with ongoing industrial development in the United States and Mexico, is a leading provider of commercial real estate development services. Combining immediate access to key local decision makers with a highly responsive and streamlined organization, Ridge provides a competitive advantage that makes acquisition and development cost-efficient, customized, and customer-focused. Backed by institutional investors advised by Prudential Real Estate Investors (PREI®), Ridge Property Trust delivers senior executives armed with exceptional local knowledge, worldwide institutional power, discipline, and access to capital – ensuring the best value for brokers, sellers and end users alike. Ridge Property Trust is based in Chicago and has regional offices throughout the United States. For more information, visit www.rptrust.com.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. For further information, please visit our website, www.joneslanglasalle.com.
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