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- Saxum Real Estate Breaks Ground on 322,600 Sq. Ft. Cold Storage Facility for Arcadia Cold
Saxum Real Estate Breaks Ground on 322,600 Sq. Ft. Cold Storage Facility for Arcadia Cold
Slice of Real Estate Team
October 16, 2024
Key Highlights:
322,600 sq. ft. cold storage facility being developed by Saxum Real Estate for Arcadia Cold.
Features 50' clear height, 45,000 pallet positions, and temperature control from -10 to 38 degrees F.
Located on a 26-acre site with access to major interstate highways for efficient distribution.
Expected completion in Q2 2026; part of Arcadia's national expansion strategy.
Source: PR Newswire
Notable Quotes:
"The project will be a mission critical cold storage location to service the consolidation of commodity food products and a regional distribution hub."
"The greater Chicago regional market is critical to our strategy of building out a national distribution network for our customers."
Our Take:
This cold storage project exemplifies the growing demand for specialized, large-scale logistics hubs as supply chains focus on efficiency and reach. Saxum’s extensive experience in cold storage development, coupled with Arcadia Cold’s expanding footprint, solidifies this project as a strategic move to support the regional food distribution network. Its location near major metropolitan areas will be critical for the consolidation and distribution of perishable goods. The facility is set to be a vital asset for Arcadia’s growing national cold storage network.