COLUMBUS—Buyers now consider industrial real estate in the US one of the best investments around, and buildings with cold-storage capabilities are especially appealing. CBRE's corporate capital markets team has just facilitated the sale of a 465,256-square foot freezer-cooler warehouse and distribution center in Columbus, one of the premier industrial markets in the Midwest.
The team of Andrew Sandquist, JC Asensio and Briggs Goldberg listed the Mars Petcare Warehouse & Distribution Facility, located at 5303 Fisher Rd., for Singerman Real Estate and Green Door Capital, both based out of Chicago. Chicago-based Syndicated Equities and Green Door Capital purchased the single-tenant property.
“There has been an increase of activity in this sector in the last five years,” Sandquist, executive vice president of CBRE, tells GlobeSt.com, and much of that is due to e-commerce. As more and more goods are bought online, the need for brick-and-mortar stores has declined, whereas the need for logistics space, including cold storage, has increased. And for investors that buy existing cold storage facilities, there's another bonus. “It's much more expensive to develop, and there is a high barrier to entry.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
