Industrial specialist Cary Goldman has launched private equity firm Timber Hill Group LLC, which will focus on acquiring and developing logistics-related real estate. Headquartered in Chicago, Goldman will target value-add product in major Midwestern markets.
“There has been a monumental shift in industrial real estate in recent years, and we feel the timing is right,” said Goldman. “An increasingly consumer-centric supply chain is changing where and how products are moved throughout the U.S. Timber Hill will invest in properties that enhance the ‘last mile’ delivery of products to consumers in major population centers.”
Goldman co-founded Sitex Group in 2002. In his 16 years as a principal, Sitex acquired more than 100 properties valued at over $800 million. Joining him at Timber Hill is Sitex veteran Ryan Battistoni, who will serve as head of the new firm’s asset management and construction divisions.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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