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Illinois Industrial Sector Scores Big Win With Sale of Michelin Tire Distribution Site

Silver Creek Development’s $130 Million Purchase Price Represents Strength of Joliet Market
The Michelin super-regional center, one of two in the United States, sits across 91 acres in Wilmington, Illinois, about 60 miles southwest of Chicago. (JLL)
The Michelin super-regional center, one of two in the United States, sits across 91 acres in Wilmington, Illinois, about 60 miles southwest of Chicago. (JLL)
By Jennifer Waters
CoStar News
February 16, 2021 | 10:36 P.M.

The white-hot industrial sector in Illinois got another strong vote of confidence when a Phoenix development firm forked over $130 million for the super-regional Michelin North distribution center.

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