Progress at Carol Stream’s Mainfreight terminal and headquarters

Timber Hill Group

Pre-cast wall panels are slated to go up next month at the future Mainfreight North American headquarters and shipping terminal in Carol Stream. Foundation work is underway for the 57,100-square-foot terminal and two-story office, expected to reach substantial completion in early 2025, said Ryan Battistoni, founding partner and chief operating officer of Timber Hill Group, […]

Timber Hill Group and Champion Realty Advisors sign Mainfreight to build-to-suit lease for freight terminal in Carol Stream

Timber Hill Group

Chicago-based Timber Hill Group (Timber Hill), in a joint venture with Champion Realty Advisors (Champion), has signed Mainfreight to a long-term, build-to-suit lease for a 57,100-square-foot freight terminal on a 15.78-acre site located at 27W364 North Avenue in Carol Stream, Illinois. North Ave. TH LLC, a special purpose entity managed by Timber Hill and Champion, acquired the site in […]

IOS Activity In DFW Slows As Stormy Economy Spins Sector Off Course

IOS Activity In DFW Slows As Stormy Economy Spins Sector Off Course

Demand for industrial outdoor storage in DFW continues at a rapid clip, but challenges on the financing side are keeping momentum at bay. The number of properties trading hands has plummeted over the last several months as IOS investors struggle to transact. Firms remain bullish on North Texas due to its centralized location and booming industrial market, yet […]

South Florida’s Industrial Developers Bet On Long-Term Rent Growth

South Florida’s Industrial Developers Bet On Long-Term Rent Growth

As industrial rents continue to rise in South Florida, investors are looking to buy sites and build warehouse space. The only problem is there’s very little land left. Squeezed between the ocean and the Everglades, South Florida’s industrial developers are increasingly turning to smaller sites and footprints as they look for opportunities in a severely land-constrained […]

Logistics Fund to Add S. Dallas Outdoor Truck Yard

Logistics Fund to Add S. Dallas Outdoor Truck Yard

TH Logistics Fund I, a joint venture between Timber Hill Group and Champion Realty Advisors, has closed on an $18 million construction loan from Simmons Bank for a Class A, speculative outdoor storage facility and truck yard in Hutchins, TX. Construction began last month at the 37 acre yard with delivery expected in August 2023. Called Industrial Service Facilities, they […]

IOS Was A Bright Spot Last Time Economic Clouds Darkened And Could Be Again

IOS Was A Bright Spot Last Time Economic Clouds Darkened And Could Be Again

With stormier days ahead for commercial real estate, those betting on an asset class likely to thrive are flocking to industrial outdoor storage — if they can find the increasingly rare properties. The niche industry is young and not without its challenges, including a fragmented seller base and a difficult financing market. But it has proved its resilience in a […]

Cary Goldman quintuples O’Hare truck yard value on sale to Penske

Cary Goldman quintuples O’Hare truck yard value on sale to Penske

Cary Goldman veered away from the traditional industrial real estate market of developing, leasing and selling warehouses five years ago into a niche that doesn’t involve buildings at all. It’s paying off: He quintupled the value of a mostly undeveloped property in five years. That was the margin that Goldman’s Chicago-based Timber Hill Group made on the […]

Investors Searching For Price Ceiling On Industrial Outdoor Storage Sites Amid Red-Hot Competition

Overhead view of a storage building

As the industrial outdoor storage sector drafts on the incredible strength of the distribution center market, landlords are doing everything they can to capitalize on the unprecedented demand, from both investors and tenants. As a property type with fairly low maintenance costs and “sticky” tenants, industrial outdoor storage has become a darling of institutional investors, large private equity firms and anyone with an interest in […]