March 26, 2019
Logistics real estate owner/developer Timber Hill Group has signed Hub Group Trucking to a 10-year, full-facility lease for its 8.80-acre property at 4901 S. Monitor in Forest View, IL. Lee & Associates’ Timothy McCahill and Brian Vanosky represented Timber Hill in the deal.
For Hub Group Trucking, the publicly-traded intermodal trucking subsidiary of Oak Brook-based Hub Group, the facility will provide fleet and equipment storage.
“We are seeing strong demand from logistics-centric customers for these types of properties,” said Cary Goldman, managing partner of Timber Hill. “And this property in particular sits in a critical location for transportation companies.”
Located in unincorporated Cook County, the site is near the new, full interchange at I-55 and Central Avenue, and offers multiple entrances and exits via Central and Monitor Avenues. It’s also adjacent to a new FedEx freight development, and strategically located near three intermodal lines: BNSF, CSX and Norfolk Southern.
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