The Chicago industrial market welcomes the new Class A cold storage facility from Cold Summit Development
CHICAGO–(BUSINESS WIRE) – Cold Summit Development has launched Cold Summit Chicago I, a new multi-tenant speculative cold storage project in the greater Chicago area. The project includes a 213,600 square foot facility, including 7,000 square feet of office space and fully convertible temperature-controlled suites. Site and construction work has started with delivery expected by August 2022. The project follows the developments of Cold Summit in Dallas and Phoenix.
The cold store market in Chicago is limited in supply, which creates a high barrier to entry for users and investors. This makes the Windy City market an attractive development candidate.
“Chicago is a leading industrial real estate market serving last mile distribution to the third largest metro population in the United States and fulfilling its role as a national intermodal logistics hub,” said Alex Langerman, co-founder and COO of Cold Summit Development.
The project is located at 5020 W. 73rd St. in Bedford Park, IL. Bedford Park is a highly sought-after industrial hub less than 15 miles from downtown Chicago and 3 miles from Midway Airport, with the project location adjacent to the CSX intermodal terminal, the largest in the CSX network.
“We are very excited to bring our Class A2 cold store product to the dynamic Chicago market. Additionally, we look forward to supporting the Village of Bedford Park education system and local children through our Cold Summit Giving mission, ”said Scott Pertel, President and CEO of Cold Summit Development.
About the development of the Cold Summit:
Cold Summit is a leading cold store developer. Our mission is to facilitate the movement of healthy products to consumers by providing innovative, industry-leading real-state cold storage solutions with a relentless focus on product integrity.
Please visit https://www.coldsummit.com for more information.