08/02/2026
Exciting announcement! Our RE arm, Tower Real Estate Development, LLC (TRED) is proud to announce the closing of Plainfield Yard, a 42-acre, 363,916 SF industrial repositioning at 14104 S. Route 59 in Plainfield, IL. Redwood Construction Group, will serve as construction manager on the project.
This project takes a Class C industrial building and repositions it into institutional-grade Class A space: full building re-skin, new dock infrastructure, a 25,000 SF addition, and complete site work. Two future phases are planned, including a gas station outlot and additional commercial/flex development on the remaining acreage.
This deal came together through strong partnerships across the capital stack, including our co-GP partner, institutional equity, and a construction lending team who believed in the business plan alongside us.
We’re excited to have McShane Construction on board as general contractor, with Redwood Construction Group serving as construction manager.
Groundbreaking is set for this fall, with completion targeted for 2027. This is exactly the kind of value-add industrial project TRED and Redwood were built to execute together: buy right, reposition smart, and create lasting value in growing submarkets like Plainfield.
More updates to come as construction kicks off.