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Why Real Estate Investors Are Warming Up To The Risky Business Of Cold Storage

cold storage

Those perishable pharmaceuticals, fresh holiday flowers and frozen Thanksgiving turkeys are getting some new places to roost.

In the next few years, more than 400,000 square feet of cold storage is coming to South Florida. That’s still far less than the 1.5 million total square-footage of industrial warehouse space in the pipeline, according to the CBRE Group.

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Centro Logistics Industrial Development Site Purchased For $25 Million

CBRE has arranged the $25-million sale of Centro Logistics, a 20.3-acre infill industrial development site in Miami.

The site, located in the heart of the Gratigny industrial micromarket, was sold to Panattoni Development Company, a leading privately held real estate development company with more than 340 million square feet of industrial, office, and build-to-suit projects delivered over the span of 33 years of business.

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