CHANNAHON, IL—Industrial Outdoor Ventures, a real estate investment company specializing in the acquisition, development and re-development of industrial service facilities, has picked up an 18.9 acre truck and container yard located at 23264 Youngs Rd. in Channahon, IL. The asking price was $8 million and the seller was Cavalea Continental Freight, Inc. Built by Cavalea in 2006, the fenced, secured property was used as an intermodal container storage facility and includes a maintenance shop and office building. “This property is a high-quality asset that provides instant access to I-55 and I-80 and close proximity to the BNSF Intermodal in Elwood, IL, and the UP Intermodal in Joliet, IL,” says IOV chief executive officer Tom Barbera. “Given the overall attractiveness of the property we expect to render an attractive yield.” JLL’s Dan McGillicuddy and Steve Ostrowski represented the seller in the transaction. IOV has retained Josh Hearne of Cawley Chicago to market the property.