Carl Manofsky and Tim Luby have formed True North Investments, a real estate acquisition, development, and management firm that will specialize in acquiring and redeveloping industrial facilities on a national basis.  

Mr. Manofsky and Mr. Luby have been partners for 25 years and were previously employed by HSA Commercial, Lincoln Property, and CB Richard Ellis.  Since 1988, they were principals responsible for the acquisition of over 19 million sq.ft. of industrial product in 12 states totaling in excess of $800,000,000. 

Mr. Manofsky and Mr. Luby were the first two industrial specialists awarded the prestigious Chicago Greater Food Depository Industrial Broker of the Year Award in 1989 and 1991 respectively.

Mr. Manofsky graduated from Ohio State University in 1970 as a business major.  Mr. Luby graduated from Illinois College in 1981 with a major in business administration and economics. 

Through True North Investments, Mr. Manofsky and Mr. Luby plan to acquire $100,000,000 in industrial real estate product during 2008 in both redevelopment and investment grade properties.  True North Investments will be headquartered at 3000 Woodcreek Drive , Suite 300 , in Downers Grove , Illinois.