ROSEMONT, IL—Sitex Group, a private equity firm that specializes in industrial real estate investment, development and asset management, has just relocated its River North office to suburban Rosemont. It is just the latest move for a company that has started to spread out across the US.
The new office at Columbia Centre III, 9525 W. Bryn Mawr Ave. is closer to the firm's target markets and existing portfolio, says Sitex principal Cary Goldman. And with immediate access to one of the largest industrial markets in the US Sitex will continue to capitalize on future Midwest opportunities.
As reported in GlobeSt.com, the company has become one of the most active buyers of industrial real estate in the US. It is currently in acquisition mode with its newest fund Sitex Fund VIII, which it started last year. “Our eighth fund is five times the size of our seventh,” Goldman told GlobeSt.com.
Sitex also opened an office in Manhattan Beach, CA, its first on the West Coast. But perhaps its most significant recent move was earlier this year when it moved its headquarters from Chicago to New York. Principal and co-founder David Friedman relocated to New York, where the firm has become a major player in the industrial sector.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
