{"id":1004732536,"date":"2024-10-10T23:58:32","date_gmt":"2024-10-11T07:58:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004732536"},"modified":"2024-10-11T05:21:55","modified_gmt":"2024-10-11T13:21:55","slug":"saxum-breaks-ground-on-323-ksf-indiana-cold-storage-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/saxum-breaks-ground-on-323-ksf-indiana-cold-storage-project\/","title":{"rendered":"Saxum Breaks Ground on Indiana Cold Storage Project"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Arcadia-Cold-Storage-and-Logistics-Reno-Facility-e1703086413542.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"797\" height=\"598\" data-attachment-id=\"1004732537\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/saxum-breaks-ground-on-323-ksf-indiana-cold-storage-project\/arcadia-cold-storage-and-logistics-reno-facility-e1703086413542\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Arcadia-Cold-Storage-and-Logistics-Reno-Facility-e1703086413542.jpg\" data-orig-size=\"797,598\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Arcadia-Cold-Storage-and-Logistics-Reno-Facility\" data-image-description=\"&lt;p&gt;Property at 1900 Peru Drive, Sparks, Nev.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Ti Cold Account Manager Logan Stuller and Tippmann Innovation Sam Tippmann at Arcadia Cold\u2019s Reno, Nev., property. Ti Cold designed and built the facility, which debuted in 2023. Image courtesy of Ti Cold&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Arcadia-Cold-Storage-and-Logistics-Reno-Facility-e1703086413542.jpg?w=797\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Arcadia-Cold-Storage-and-Logistics-Reno-Facility-e1703086413542.jpg\" alt=\"Ti Cold Account Manager Logan Stuller and Tippmann Innovation Sam Tippmann at Arcadia Cold\u2019s Reno, Nev., property. \" class=\"wp-image-1004732537\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Arcadia-Cold-Storage-and-Logistics-Reno-Facility-e1703086413542.jpg 797w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Arcadia-Cold-Storage-and-Logistics-Reno-Facility-e1703086413542.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Arcadia-Cold-Storage-and-Logistics-Reno-Facility-e1703086413542.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 797px) 100vw, 797px\" \/><\/a><figcaption class=\"wp-element-caption\">Ti Cold Account Manager Logan Stuller and Tippmann Innovation Sam Tippmann at Arcadia Cold\u2019s Reno, Nev., property. Ti Cold designed and built the facility, which debuted in 2023.<em> Image courtesy of Ti Cold<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Saxum Real Estate has kicked off construction on a 322,600-square-foot, build-to-suit cold storage facility in Crown Point, Ind. Arcadia Cold is slated to occupy the facility upon completion in the second quarter of 2026.<\/p>\n\n\n\n<p>The building will feature 50-foot clear heights and comprise roughly 45,000 pallet positions, as well as convertible rooms with temperature capabilities ranging from -10 to 38 degrees F. According to <em>Inside Indiana Business<\/em>, the warehouse will be used to support food manufacturers and retailers.<\/p>\n\n\n\n<p>The 26-acre development is at 13301 Mississippi Parkway, about 51 miles southeast of downtown Chicago. Interstate 65 and U.S. Route 231 are within 3 miles.<\/p>\n\n\n\n<p>Earlier this year, the company unveiled <a href=\"https:\/\/www.commercialsearch.com\/news\/arcadia-cold-to-expand-chicago-footprint\/\">plans to build two cold storage facilities<\/a> throughout Greater Windy City in collaboration with Saxum. Arcadia Cold\u00a0COO JD Schwefler said in prepared remarks that the company will announce its proposal regarding the other property at a later date.<\/p>\n\n\n\n<p>Saxum Real Estate owns another 294,840-square-foot cold storage project in the metro, which is currently in the planning and permitting stages, CommercialEdge data shows. Bank OZK originated a $53.3 million construction loan in August for that development.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-developers-bullish-on-chicago-cold-storage\">Developers bullish on Chicago cold storage<\/h2>\n\n\n\n<p>Metro Chicago\u2019s industrial construction pipeline shrunk by 23 percent year-over-year through June, as developers had 12 million square feet of industrial space underway, a report by Avison Young shows.<\/p>\n\n\n\n<p>According to Grand View Research, the <a href=\"https:\/\/www.commercialsearch.com\/news\/why-cold-storage-is-getting-hotter\/\">cold storage market<\/a> was <a href=\"https:\/\/www.commercialsearch.com\/news\/property-management-success-cool-heads-for-cold-storage\/\">valued at $36.9 billion in 2023<\/a> and is projected to grow by 17.5 percent annually through 2030. Developers seized the opportunity, as Avison Young&#8217;s report shows that the largest industrial development to break ground across metro Chicago during the second quarter was Alston Construction and Barber Partners\u2019 389,880-square-foot speculative cold storage project in Plainfield, Ill.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arcadia Cold will occupy the build-to-suit facility upon completion in 2026.<\/p>\n","protected":false},"author":3471,"featured_media":1004732537,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21782,21748,13,21742],"tags":[52276,52262],"class_list":["post-1004732536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-development","category-industrial","category-midwest","category-latest","tag-arcadia-cold-storage-logistics","tag-saxum-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Saxum Breaks Ground on Indiana Cold Storage Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Saxum Real Estate broke ground on a cold storage facility in Crown Point, Ind. 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