A NEW DIRECTION IN LOGISTICS
Elion Logistics Park 55 is a new kind of logistics park. It’s more than a place where goods come and go. It’s a destination for commerce and community.
30,000,000 + SF MASTER- PLANNED DEVELOPMENT
ELP 55 merges 30,000,000 square feet of industrial and commercial space.
INTERMODAL INFRASTRUCTURE
BNSF and UP links make Will County second in the nation in container volume.
ECONOMIC ENGINE
A $140 million TIF means lower real estate taxes for tenants.
ECO-FRIENDLY PARK
Smart tools and on-site resources to reduce pollution and minimize waste.
Elion Logistics Park 55 (“ELP 55”) is a 2,500-acre rail-served industrial park located at the intersection of Interstate 55 (“I-55”) and Lorenzo Road in Wilmington, Will County, Illinois.
The completed plan for ELP 55 will include:
- 20 million square feet of industrial, warehousing, and logistics buildings;
- 2.5 miles of frontage along Interstate 55;
- 2 miles of frontage on the BNSF Mainline that runs from the Port of Los Angeles and Long Beach to Chicago;
- 70 acres of commercial property including travel plazas, hotels, restaurants, and retail; and
ELP 55 has a competitive advantage in the market based on the following key reasons:
Powerful economic incentives: Tenants will have access to an impressive list of incentives as part of its project:
- Tenants will receive up to an annual $0.80 PSF reimbursement of real estate taxes for the initial lease term as part of a $140 million Landlord controlled TIF that is sponsored by the City of Wilmington.
- ELP 55’s status as a designated Enterprise Zone affords many benefits to Tenants, including: sales tax exemption, investment tax credit, machinery and equipment sales tax exemption, utility tax exemption and job tax credits.
On-site amenities: ELP 55 is the only industrial park in the region with a full-service travel plaza offering restaurants, truck queuing, truck maintenance, truck refueling and truck washing.
Proximity to best-in-class regional infrastructure: ELP 55 features 2.5 miles of frontage along I-55 and 2 miles of frontage along the BNSF Mainline. Additionally, ELP 55 is located at a full four-way interchange at Lorenzo Road that is three miles from BNSF’s Logistics Park Chicago.
FOR MORE INFORMATION, PLEASE CONTACT:
JEFFREY J. KAPCHECK
Vice Chairman
P +1 630 573 7062
jeff.kapcheck@cbre.com
JASON LEV
Senior Vice President
P +1 847 706 4044
jason.lev@cbre.com
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