For many years, cold storage real estate was considered to be a less valuable asset than standard dry storage warehouses. While the cold chain has always been critical for the safe and efficient storage of food and pharmaceuticals, the heavy specialization and niche use cases for these properties has ultimately led to underdevelopment in the sector. More recently, demand for cold storage assets has spiked considerably as a result of the COVID-19 pandemic. There are multiple factors playing into this demand, ensuring that cold chain ... Read More
A national self-storage operator announced a new construction project in Racine, WI. The finished facility will offer 150,00 square feet of rentable indoor self storage; an affiliate of Phoenix Investors is the property owner and has invested time and resources in making the property appealing to various tenants. Read the full article at Benzinga.
Phoenix Investors of Milwaukee has purchased three properties in Tennessee totaling approximately 1.6 million square feet from Frog Properties. This expansion into Tennessee will help accommodate the burgeoning needs of Phoenix Investors' affiliate Phoenix Logistics, with plans for even further expansion on the horizon. Read the full article at Commercial Property Executive.