Portfolio News Apr 27, 2018 Elion Partners

RidgePort Logistics Center Focuses on Employee Health and Wellness through Mixed-Use Concept

RidgePort Logistics Center (“RidgePort”), a planned 30+ million square foot industrial park in Greater Chicago, is changing the way traditional distribution parks service employees’ well-being. In partnership with Gensler Architects, RidgePort analyzed the well-being of truck and warehouse employees and found that incorporating key amenities would lead to a happier, healthier workforce.

Throughout the project’s phased construction, RidgePort will be delivering a final amenities package focused on opportunities for convenience as well as opportunities for employees to restore, nourish, learn and move. 60 acres have been designated for retail development and are planned to include restaurants, healthcare services, a fitness center, and a hotel. An additional 120 acres have been reserved for retail development in future phases. Additional planned park amenities include pedestrian paths and outdoor seating, a bike share program, and a 24-hour first responders station (fire and police) which will break ground during the second quarter of 2018.

Today, RidgePort’s TA Petro Travel Plaza services the 6.2 million square feet of tenants currently on site offering a dine-in and fast food restaurants, business services, laundry, showers, 229 parking stalls, a truck wash, and truck maintenance services.

RidgePort is the third single-asset permanent capital vehicle in the Adar investment series. The initial land acquisition included 1,029 acres with a gross leasable area (“GLA”) of 11.4 million square feet and was sourced off-market. Today, Ridgeport’s planned GLA exceeds 30 million square feet, through additional land acquisitions, with 6.2 million square feet built and the ability to accommodate tenants up to 2 million square feet. Strategically located 40 miles southwest of Chicago, RidgePort benefits from major transportation channels including Class 1 rails such as the BNSF, and interstates 80 and 55, and offers tenants the opportunity for direct rail service. The park is currently home to tenants such as Michelin, Post Consumer Brands, Lineage Logistics, Batory Foods and General Mills.