June 14, 2018 Comments (0) Views: 256 Chicago News, Greater Chicagoland

Timber Hill Lands Full-Facility Tenant After Renovations

Connect Industrial is coming up on July 11 in Chicago. Here’s a link for more information about the conference and to register.

Private equity firm Timber Hill Group, which specializes in acquiring and developing logistics-related industrial real estate, has completed a six-month, $2.8-million redevelopment of a two-building cross-dock and maintenance facility in Stickney, IL. The renovation program paid off in the form of a full-facility tenant, Portland, OR-based Delta Logistics Inc., which has relocated to the 38,000-square-foot property for its Midwest headquarters.

“The trucking industry has recognized renewed demand for well-located cross dock facilities, truck repair bays and truck parking spaces,” said Timber Hill managing partner Cary Goldman. “These facilities are especially in demand by companies that require access to rail intermodal and highway systems.”

He added, “This type of property is as integral in the process of last-mile distribution as an 800,000-square-foot, 40-foot clear warehouse.“

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