Hillwood and The Hillman Group Partner on the Redevelopment of the Former Forest Fair Mall Site

715,736-square-foot industrial facility planned for vacant mall property

FOREST PARK, Ohio, Sept. 5, 2025 /PRNewswire/ -- Hillwood Investment Properties, a Perot Company based in Texas and leading developer of industrial real estate, announced today that The Hillman Group has signed a lease for a new multipurpose facility on the former Forest Fair Mall property. The development will allow The Hillman Group to consolidate operations from multiple Cincinnati-area sites.

The planned Class A facility will include a 715,736-square-foot building and an expansion pad for an additional 162,000 square feet. Demolition of the mall is underway, and construction of the building will begin in May of 2026 with a targeted completion of mid-2027.

"We're proud to partner with The Hillman Group to transform this vacant property into a productive asset for both Forest Park and Fairfield," said Ben Davis, Senior Vice President at Hillwood in Cincinnati. "This project demonstrates our commitment to creating value through thoughtful redevelopment that benefits both our partners and the communities where we operate."

"This marks an exciting next step in our long-term growth strategy," said Hillman's President and CEO, Jon Michael Adinolfi. "We are proud to expand our presence in Forest Park, a city that has been part of Hillman's history for decades. We recognize the importance this site has held for many people over the years, and we look forward to continuing to grow our company, supporting our employees, and providing our customers with best-in-class service at this location."

About Hillwood

Hillwood Investment Properties is a leader in acquiring and developing high-quality industrial properties with 292.7M SF across the U.S., Canada, the United Kingdom, and Europe. Hillwood pursues well-located, functional land in the path of progress and has one of the largest land banks with a capacity of over 140.9M SF for future development.  Hillwood collaboratively builds successful partnerships with public and private landowners, as well as other developers, to execute and invest in a broad spectrum of industrial projects. As a privately held company, Hillwood possesses the depth of capital, market expertise, industry relationships, and a forward-thinking vision to buy and build industrial properties that meet evolving markets' logistics, distribution, and manufacturing demands.

For more information on Hillwood's latest industrial availabilities across the U.S., U.K., and E.U., visit Hillwood.com.

About The Hillman Group

Hillman Solutions Corp. ("Hillman") is a leading provider of hardware-related products and solutions to home improvement, hardware, and farm and fleet retailers across North America. Renowned for its commitment to customer service, Hillman has differentiated itself with its competitive moat built on direct-to-store shipping, a dedicated in-store sales and service team of over 1,200 professionals, and over 60 years of product and industry experience. Hillman's extensive portfolio includes hardware solutions (fasteners, screws, nuts and bolts), protective solutions (work gloves, jobsite storage and protective gear), and robotic and digital solutions (key duplication and tag engraving). Leveraging its world-class distribution network, Hillman regularly earns vendor of the year recognition from top customers. For more information on Hillman, visit www.hillman.com.

MEDIA CONTACT:
Jennifer Cheek Layton
927 762 2833
[email protected]

SOURCE Hillwood Development Corp.