Missner, Cabrera Buy Back of the Yards Site for $24M Project

A joint venture between the Missner Group and Cabrera Capital is rolling out plans for a roughly $24 million industrial building on an eight-acre, city-owned lot in Back of the Yards after buying the site from the city for $3.3 million. The developers say the project is expected to bring about 120 jobs, a rare boost for industrial employment in the neighborhood and another notable wager on the South Side's logistics and manufacturing corridor.

As reported by the Chicago Business Journal, the Missner Group and Cabrera Capital are purchasing the eight-acre parcel for $3.3 million and plan to invest roughly $24 million to build the new industrial facility. According to the outlet, the project is expected to generate about 120 jobs. The joint venture pairs Missner's development experience with Cabrera's investment platform on the city's South Side.

The Missner Group has been building speculative industrial space across Chicago's South Side, with its website highlighting recent Stockyards projects and new groundbreakings. The Missner Group cites a recent run of developments in the area as evidence of growing demand for infill logistics space. Cabrera Capital brings a Chicago-based investment and real estate platform to the partnership, according to the firm's public materials.

Local impact and neighborhood context

If the project moves ahead, it would add industrial capacity while bringing construction and permanent jobs to Back of the Yards, an area long tied to meatpacking and light manufacturing. In similar situations, neighbors and community groups have often welcomed job creation but raised concerns about truck traffic, air quality, and securing strong local-hire commitments. City approvals, zoning, and permitting will ultimately shape the building's design and the site's operation.

What comes next

The developers still need to obtain permits and complete any required site work before they can break ground, and they have not yet disclosed details on timing or potential tenants. The Chicago Business Journal reported that officials and the firms did not provide a construction timetable, leaving the start date uncertain.

The deal is likely to be closely watched by neighborhood leaders and aldermanic offices for commitments on jobs and community impacts. Updates are expected as public filings emerge or additional statements are released.