Timber Hill Trades Outdoor Storage Facility in Brighton Park
Timber Hill Group, a Chicago-based private equity firm specializing in the acquisition and development of logistics related real estate, has sold a 3.5-acre outdoor storage/fleet parking property at 4626 W. 42nd St. in Chicago’s Brighton Park neighborhood to Zenith IOS for an undisclosed price.
The yard is in a prime location near Cicero Avenue and I-55 interchange. It is zoned for truck parking, a rare designation within city limits.
Timber Hill acquired the site in 2017 and subsequently made improvements, adding a perimeter fence, gate system and lighting.
“This is an exceptionally rare property given its zoning and excellent infill location,” said Timber Hill CEO Cary Goldman. “Properties like this remain in high demand as last mile distribution continues to dominate the industrial real estate landscape.”
Lee & Associates’ Brian Vanosky and Tim McCahill represented Zenith IOS.
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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).