A Miami, Florida real estate investment firm has announced plans to expand its Wilmington located logistics park to 30 million square feet. Elion Partners made the announcement on their website on Tuesday that they have renamed the formerly known RidgePort Logistics Center to the Elion Logistic Park 55. Elion has stated that when the expansion is officially completed the logistics park will be the largest rail-served industrial mixed-use logistics park in the Midwestern United States. The investment in expansion is expected to cost approximately $2 Billion. Elion has forecast an approximately $2.5 billion in project economic growth and the potential for over 12,500 jobs for local residents.
Elion has also stated it plans to offer amenities for truckers and warehouse workforce which include showers, laundry, vehicle service, business services, restaurants and entertainment. The facility current has 6.3 million square feet of multi-tenant and build-to-suit space exists and is occupied by 5 different companies. No time table for the expansion was stated in the announcement.