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State of the Industrial Market

Matterhorn Venture Partners' Tina Ramos, Realterm's Gianni Vissat, and Amazon's Kyle DeGiulio on where the market stands, who's buying Chicago industrial, and the policy, site selection, and tax factors driving demand.

Tina Ramos
Launched $900M Industrial JV With TPG

Tina Ramos

Co-Founder

Matterhorn Venture Partners

Gianni Vissat
Acquired $190M+ In Industrial Assets

Gianni Vissat

VP

REALTERM

Alfredo Gutierrez
Just Crossed $1B In AUM

Alfredo Gutierrez

Founder

SparrowHawk

Kyle DeGiulio
Backed Amazon's 235K SF Gage Park Hub

Kyle DeGiulio

Manager, Economic Development Policy

Amazon

Molly Phelan
Saved Clients Millions In Tax Liability

Molly Phelan

Partner

Siegel Jennings

John Basile
Brokered 225K SF Cold Storage Sale

John Basile

Executive Vice President

NAI Hiffman

Tina Ramos

Launched $900M Industrial JV With TPG

Matterhorn Venture Partners

Tina Ramos is Principal and Co-Founder of Matterhorn Venture Partners, an industrial real estate investment firm focused on the Chicago metro area. In February 2026, Ramos helped launch a programmatic joint venture between Matterhorn and TPG (Angelo Gordon) with a $300M initial equity commitment and more than $900M in total buying power targeting Chicago-area industrial acquisitions. The venture has continued to build out its portfolio since, including a June 2026 acquisition in the O'Hare-area submarket of Elk Grove Village.

Gianni Vissat

Acquired $190M+ In Industrial Assets

REALTERM

Gianni Vissat is Vice President of Investments at Realterm and oversees investment activity in

the Central Region of the United States. Prior to joining Realterm, Gianni was a Senior Vice

President at NW1 Partners, where he was responsible for the acquisition and asset

management of U.S. Industrial Outdoor Storage investments. Prior to NW1 Partners, Gianni

managed acquisitions and asset management projects at Terreno Realty Corporation, and

Nuveen Real Estate. During his tenure, Gianni acquired over $190 million of industrial real

estate and managed a portfolio of over 2.0 million square feet across 30 properties.

He holds a B.A. in Economics from Hamilton College and an M.B.A. from Berkeley, Haas

School of Business.

Alfredo Gutierrez

Just Crossed $1B In AUM

SparrowHawk

Alfredo Gutierrez is Founder, President and CEO of SparrowHawk, a Houston-based industrial real estate investment and development platform he founded in 2011 with a focus on the Midwest. In August 2026, SparrowHawk completed its largest transaction to date, acquiring a 20-property, 4.4M SF industrial portfolio from EQT across six Midwest metros -- St. Louis, Cincinnati, Cleveland, Columbus, Dayton, and Louisville -- for just under $400M, pushing the firm's assets under management past $1B. That deal built on a $300M growth-capital commitment SparrowHawk secured from Almanac Realty Investors, a Neuberger Berman affiliate, in December 2025.

Molly Phelan

Saved Clients Millions In Tax Liability

Siegel Jennings

Molly is a partner in the Chicago Office of Siegel Jennings, a national property tax law firm. As a litigator and trusted advisor, she collaborates with Owners, Asset Managers, Acquisition teams and Tax Departments to identify, create and execute property tax reduction strategies. She becomes a member of her clients’ management team. Her goal is to maximize and protect the full potential of real estate assets, minimize related tax liabilities, and resolve disputes with tax authorities and government entities.

Molly’s client experience ranges from family owned 1031 portfolios to national commercial investment funds, including special use properties such as hospital campuses to multi-million-dollar manufacturing facilities.

Her comprehensive understanding of the commercial real estate market was developed in part through her time as a real estate broker in the Chicago area prior to starting her legal career. Molly regularly represents clients in hearings before review boards, local assessors’ offices, the

Illinois Property Tax Appeal Board, and the circuit courts.

Construction and Build-to-Suit

ARCO/Murray's Brent Jordan, The Missner Group's Barry Missner, and Prologis' Josh Zemon on how builders are adapting and where money is flowing as build-to-suit replaces spec.

Brent Jordan
$760M In Projects Since 2018

Brent Jordan

Vice President

ARCO/Murray

Barry Missner
Nearly $3B In Construction Completed

Barry Missner

CEO

The Missner Group

Josh Zemon
Just Bought 26 Acres For $100M

Josh Zemon

SVP, Investment Officer

Prologis

Josh Udelhofen
Landed 790K SF RJW Logistics Lease

Josh Udelhofen

Principal

Trammell Crow

Taivo Tammaru
Delivered 2M+ SF Of Industrial Space

Taivo Tammaru

Executive Vice President

Clarius Partners

Diana Perez
Tracked 40.5M SF Leased In 2025

Diana Perez

Research Director

Colliers

Peter Tsantilis
Moderator

Peter Tsantilis

Partner

Liston & Tsantilis

Brent Jordan

$760M In Projects Since 2018

ARCO/Murray

Brent Jordan serves as Vice President at ARCO/Murray, where he leads teams delivering distribution and light manufacturing facilities in the Chicagoland and Denver markets, as well as other regions across the United States. Since joining ARCO/Murray in 2018, Brent has contributed to over $760 million in project volume, totaling more than 11 million square feet. He is known for streamlining operations, building strong client partnerships, and implementing scalable solutions that enhance both project delivery and overall team productivity.

In addition to his leadership, Brent is deeply committed to mentorship and talent development. He actively supports AIRE’s Emerging Leaders program, helping guide young professionals entering the commercial real estate industry. He is also a passionate advocate for diversity, equity, and inclusion (DEI) within the construction space, helping foster a culture that aligns with ARCO/Murray’s values. Furthermore, he prioritizes innovation and technology, championing the adoption of tools and systems that create transparency, improve collaboration, and optimize construction workflows.

Barry Missner

Nearly $3B In Construction Completed

The Missner Group

Barry is part of the third generation of TMG ownership and brings more than 30 years of industry experience to his role as CEO of The Missner Group. As CEO he leads TMG’s real estate operations including investment and disposition strategy. During his career, Barry has facilitated the development of award-winning real estate valued at more than $500 million. Barry is an active NAIOP National Forum Member and is affiliated with the Association of Industrial Real Estate Brokers (AIRE).

Josh Zemon

Just Bought 26 Acres For $100M

Prologis

Josh Zemon is SVP, Investment Officer at Prologis, where he leads investment and development activity across Chicago and the broader Midwest. He previously served as Managing Principal at Creation and spent 12 years at Walton Street Capital in acquisitions. In July 2026, Zemon led Prologis's approximately $100M acquisition of 26 acres in Chicago's Central DuPage submarket -- the former Audacy site -- where the company plans to develop two Class A logistics buildings totaling 454,000 SF, with groundbreaking targeted for summer 2026. Mr. Zemon has a BBA from the Stephen M. Ross School of Business at the University of Michigan.

Josh Udelhofen

Landed 790K SF RJW Logistics Lease

Trammell Crow

Josh Udelhofen is a Principal at Trammell Crow Company, where he leads the firm's industrial development and investment initiatives in the Chicago region. He was previously based in St. Louis, where he was responsible for sourcing, underwriting, and field execution activities in the St. Louis and Kansas City markets. Prior to joining TCC, Josh held senior leadership positions with two St. Louis-based development firms, Altus Properties and The Koman Group, overseeing more than $600MM in development across multiple product types, including Missouri's first LEED Gold office building (Centene Plaza) and two St. Louis Development of the Year winners (Cupples 9 and 700 Market). Josh currently leads Trammell Crow's Plainfield Business Center, an 8M+ SF industrial park in Chicagoland -- Building 1 (788,320 SF) is fully leased to RJW Logistics, and in May 2026 TCC broke ground on Building 2, another 788,320 SF speculative warehouse, to meet continued demand in the submarket.

Peter Tsantilis

Partner

Liston & Tsantilis

Peter Tsantilis is a partner in The Law Offices of Liston & Tsantilis, P.C. He represents clients in the areas of property tax litigation and incentives, land use/zoning, industrial and commercial real estate transactions/leasing and eminent domain litigation. Mr. Tsantilis is the author of the Illinois Institute for Continuing Legal Education (IICLE) chapter entitled Due Diligence for Leases on Commercial Properties and the IICLE chapter entitled Taxable and Exempt Property. He was honored as one of the 40 Under Forty Illinois Attorneys to Watch in

2013, a Leading Lawyer for 2018, 2019 and 2020 (top 5% of Illinois lawyers named by their peers in statewide surveys), a Leading Lawyers Emerging Lawyer for 2015, 2016 and 2017 and an Illinois Super Lawyers Rising Star for 2010, 2012 and 2013. He has been an active member of the Real Estate Law Section Council of the Illinois State Bar Association and is a member of the Chicago Bar Association and the Institute for Professionals in Taxation. He is a frequent speaker at seminars dealing with a wide range of topics affecting diverse and complex interests in the real estate industry, including real estate developers and owners,

brokers, property managers, title insurers and other attorneys.

In 2003, he obtained his J.D., cum laude, from Loyola University Chicago School of Law. In addition, he received his B.B.A. in Economics and Finance, and graduated valedictorian from Loyola University Chicago School of Business Administration in 2000.

Leasing and Tenant Demand

Karis Cold's Ken Verne, First Industrial's Adam Moore, and Cushman & Wakefield's Jason Tolliver on who's signing, which submarkets are winning, and what it takes to close the deal.

Ken Verne
Managed 7M+ SF Property Portfolio

Ken Verne

VP

Karis Cold

Adam Moore
40 Leases A Year, $1B+ Total

Adam Moore

Senior Regional Director

First Industrial Realty Trust

Seth Halpern
Closed $4.6M, 80K SF Industrial Deal

Seth Halpern

Principal

Range Group

Ben Dickey
Leasing 1.1M SF O'Hare Portfolio

Ben Dickey

Vice President

Stream Realty Partners

Jason Tolliver
Runs C&W's Americas Industrial Platform

Jason Tolliver

President, Americas Logistics & Industrial Services

Cushman & Wakefield

Ken Verne

Managed 7M+ SF Property Portfolio

Karis Cold

Ken brings 20 years of commercial real estate expertise in operations, project management, and industrial properties to Karis Cold. Ken oversees deal teams, execution projects, and the property management function, while also conducting outreach to source user commitments. Prior to joining Karis Cold, Ken was a senior vice president at Bridge Industrial. Leading the property management division, Ken oversaw property managers and engineers for a multi-million-square-foot portfolio. Prior to Bridge, he managed a portfolio of industrial, flex office, and medical buildings in multiple markets for HSA Commercial Real Estate. Ken graduated from the University of Iowa’s Tippie College of Business and is a member of the BOMA Industrial Circle. He volunteers with Saving Tiny Hearts Society, fundraises for The Jared Kuper Diabetes Foundation, and is a two-time Chicago Marathoner.

Adam Moore

40 Leases A Year, $1B+ Total

First Industrial Realty Trust

As Senior Regional Director for First Industrial’s Chicago/Milwaukee Region, Adam

Moore is responsible for leasing, acquisition, development and other corporate

customer initiatives throughout the region.

Mr. Moore has over 20 years of experience working in the commercial real estate

sector, during this time he has been responsible for over $1 Billion in transactions.

During his time with First Industrial, he has completed an average of 40 lease

transactions per year while increasing portfolio occupancy and quality through

acquisitions and development.

Prior to his current position, Mr. Moore served as Marketing/Leasing Director for

First Industrial's Chicago/Milwaukee region, working with tenants on new leasing

opportunities throughout the area.

Previously, Mr. Moore served as a Vice President for Krusinski Construction

Company where he was responsible for business development and commercial

development activities. Earlier, he was a Director at the brokerage firm Cushman

& Wakefield, Leasing Agent for Prime Group Realty Trust and a Broker for Equis

Corporation.

An active member of the Association of Industrial Real Estate Brokers (AIRE), Mr.

Moore holds a Bachelor of Science in economics from DePauw University.

Ben Dickey

Leasing 1.1M SF O'Hare Portfolio

Stream Realty Partners

Ben Dickey is a Vice President with the Industrial Services division in Stream’s Chicago office. In this role, Ben represents institutional landlords, alternative asset managers, and local and multi-market occupiers in the strategy and execution of their industrial real estate objectives. His focus includes agency leasing, strategic redevelopment, and tenant/buyer representation.

Prior to joining Stream, Ben worked as a First Vice President for CBRE, where he partnered with industry veterans to advise clients across the O’Hare, DuPage, Northwest Cook County, and Interstate 90 submarkets. Throughout his career, Ben has completed transactions totaling more than $400 million in consideration across the Chicago metropolitan area.

Existing Buildings and Redevelopment

SITE Technologies' Austin Rabine, Brennan Investment Group's Kevin Brennan, and Curtis Ashton Partners' Scott Gibbel on when owners reinvest, reposition, or tear down, plus the site readiness and power constraints behind each call.

Austin Rabine
30B SF Assessed On SITE's Platform

Austin Rabine

CEO

SITE Technologies

Kevin Brennan
$3B In Industrial Deals Closed

Kevin Brennan

Managing Principal

Brennan Investment Group

Scott Gibbel
Redeveloping A 395K SF O'Hare Site

Scott Gibbel

Founder

Curtis Ashton Partners

Joe Ahrens
Built 438K SF Elgin Facility

Joe Ahrens

Senior Vice President

PREMIER Design + Build Group

Robby Johler
Took Down 120-Foot Rolling Meadows Tower

Robby Johler

VP of Operations, Co-Owner

Johler Demolition

Marni Chiero
Moderator

Marni Chiero

Director of Business Development

CELTIC Restoration Group

Austin Rabine

30B SF Assessed On SITE's Platform

SITE Technologies

As Co-founder and Chief Executive Officer at SITE Technologies, Austin Rabine drives innovation in property assessment technology and national facility maintenance. A lifelong entrepreneur, he launched his first business in grade school and went on to start ventures in trucking technology, snow removal, and paving before focusing on AI-driven solutions for property owners.

Before co-founding SITE Technologies, Austin held leadership roles in his family’s business, Rabine, within project management, operations, sales, and strategy, gaining a deep understanding of the facilities/construction industry. As President of Rabine Paving America, he spearheaded an initiative that led to the creation of SITE Technologies—now one of the fastest-growing AI-driven property assessment platforms in the world. Under his leadership, SITE Technologies was recognized on the Inc. 5000 list of Fastest-Growing Companies in 2022 (#642) and again in 2024 (#811). Austin was also recognized as an EY Midwest Entrepreneur of the Year in 2023.

Austin is passionate about leveraging technology to help property owners assess, prioritize, and budget for their portfolios with greater efficiency. He also serves on the board of the Cheryl Rabine Foundation, Judson University's World Leaders Forum, and is a member of Young Presidents’ Organization (YPO). Outside of work, he enjoys spending time with his wife, Jeanette, and their daughter, Sutton, as well as snowboarding, surfing, golfing, and traveling.

Kevin Brennan

$3B In Industrial Deals Closed

Brennan Investment Group

Kevin Brennan is a Managing Principal and Co-Founder of Brennan Investment Group. In this capacity, Mr. Brennan directs all investment, operations, portfolio management, disposition, and development activity in the Midwest.

Prior to joining Brennan Investment Group, Mr. Brennan worked in the Capital Deployment Group at Prologis. While at Prologis, Mr. Brennan was directly responsible for the evaluation and underwriting of industrial acquisition and development transactions throughout the Central Region of the United States. During the course of his career, Mr. Brennan has been involved in over $3 billion in industrial transactions.

Mr. Brennan holds a Bachelor of Science degree in Economics from the University of Wisconsin – Madison and is a board member of NAIOP.

Scott Gibbel

Redeveloping A 395K SF O'Hare Site

Curtis Ashton Partners

Scott Gibbel is Founder of Curtis Ashton Partners, a Chicago-area commercial real estate investment and development firm he launched in 2025 focused on small- and mid-bay industrial and flex assets. He previously served as Managing Director of Industrial at Sterling Bay and as Chicago Market Officer at IDI Logistics, and has deployed more than $300M across his career. Curtis Ashton Partners is currently pursuing O'Hare Park 294, a planned 29-acre, 395,000 SF spec light-industrial redevelopment of the former Caremark Towers office complex in Glenview.

Joe Ahrens

Built 438K SF Elgin Facility

PREMIER Design + Build Group

As Senior Vice President at PREMIER Design + Build Group, Joe Ahrens oversees preconstruction, project management and field operations, guiding projects from concept through completion. He works closely with project teams at every level, leading estimating, design, permitting, contracting, scheduling, and administration to keep work moving efficiently. Known for his collaborative, solutions-focused approach, Joe enjoys sharing practical insights drawn from decades of experience delivering successful construction projects.

WHY YOU CAN'T MISS THIS EVENT

NUMBERS TO KNOW

4.5%: Chicago industrial vacancy in Q2 2026, down from 5.0% a year earlier (JLL)

12.8M SF: Net absorption through the first half of 2026 (JLL)

21.8M SF: New leasing through midyear, the most since 2022 (Cushman & Wakefield)

129%: Year-over-year jump in industrial square footage trading to investors in the first half (Cushman & Wakefield)

6.5%: Big-box vacancy for 500K+ SF buildings, with 55% of big-box leasing landing in the I-80 Corridor (Avison Young)

DISCUSSIONS ON CAPITAL, CONSTRUCTION, LEASING, AND MORE

1. State of the Industrial Market

  - Where vacancy, rents, and absorption stand after Chicago's strongest leasing run since 2022, who's buying, and how policy, site selection, and property taxes shape where occupiers land

2. Construction and Build-to-Suit

  - How builders are adapting and where money is flowing as build-to-suit replaces spec

3. Leasing and Tenant Demand

  - The occupiers driving demand right now, from 3PLs and cold storage to e-commerce, and what it takes to close the deal

4. Existing Buildings and Redevelopment

  - When owners reinvest in older buildings, reposition them, or tear down obsolete sites, and how site readiness and power capacity shape each decision

HOW YOU'LL DO MORE BUSINESS:

Chicago industrial has rebounded, and the playbook has changed. Vacancy sits well below its 20-year average, big-box tenants are signing again along I-80 and around O'Hare, and investors who sat out the last two years are back at the table. At the same time, power capacity, construction costs, and property taxes are deciding which projects actually pencil. Bisnow's annual Chicago Industrial Summit brings together the developers, capital providers, builders, brokers, and occupiers setting the pace, from Amazon, Prologis, and Trammell Crow to Brennan Investment Group, Realterm, First Industrial, and Cushman & Wakefield, for a morning on where the market goes next.

WHO YOU'LL MEET DURING NETWORKING:

Owners, developers, investors, lenders, brokers, occupiers, builders, economic development leaders, public officials, and providers moving the industrial market forward.

PROJECTS TO BE DISCUSSED AND IN THE NEWS

- Clarius Partners and Hillwood break ground on the 970,123 SF University Park Logistics Center, one of Chicagoland's largest spec starts in years

- Trammell Crow lands a full-building 788,000 SF lease with RJW Logistics at Plainfield Business Center and preps its next spec phase

- Prologis buys 26 acres in Glendale Heights for the largest new industrial development in Central DuPage history

- Amazon wins first city approval for its 235,000 SF Gage Park last-mile center on the former Central Steel & Wire site

- Matterhorn Venture Partners and TPG launch a Chicago industrial JV with more than $900M in buying power

- Curtis Ashton Partners plans O'Hare Park 294, a 395,000 SF industrial park replacing Glenview's Caremark Towers

- Karis Cold opens its 50-foot-clear Stockyards cold storage facility in McKinley Park, leased by NAI Hiffman

Interested in Getting Involved?

Contact z@bisnow.com to get more info on sponsorship, pricing and availability at this event.

For questions, recommendations, comments or press inquiries please email our Chicago event producer Will Follett at will.follett@bisnow.com. To request disability-related accommodations, please contact janet.fernandez@bisnow.com no later than seven business days prior to the event.

Venue

Renaissance Chicago O’Hare Suites
8500 W Bryn Mawr Ave
Chicago, IL 60631

Ballroom: Renaissance Ballroom

Parking Information: 
Complimentary self-parking

Get Directions

Agenda

Time Activity
8:00 AM
9:00 AM
Breakfast and Networking
9:00 AM
9:45 AM
State of the Industrial Market

Where the market stands, who's buying, and the policy, site selection, and tax factors driving demand

9:45 AM
10:30 AM
Construction and Build-to-Suit

How builders are adapting and where money is flowing as build-to-suit replaces spec

10:30 AM
10:45 AM
Networking Break
10:45 AM
11:30 AM
Leasing and Tenant Demand

Who's signing, which submarkets are winning, and what it takes to close

11:30 AM
12:15 PM
Existing Buildings and Redevelopment

When owners reinvest, reposition, or tear down, plus the site readiness and power constraints behind each call

12:15 PM
12:30 PM
Closing Networking

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