Multi-Temperature Cold Storage Facilities: A New Asset Class on the Horizon


July 21, 2020




Cold Storage, Miami
Bridge Point Cold Logistics Center

Still, progress is noticeable. Bridge Development Partners LLC  and PGIM Real Estate recently bought a 20-acre site in Hialeah, Fla., where they plan to build a cold storage facility called Bridge Point Cold Logistics Center. The 312,103-square-foot facility is being built as a speculative development without a tenant lined up. In a news release, Bridge Development senior vice president for cold storage Brian Niven said demand for climate-controlled cold storage space “is at an all-time high across the region, thanks in part to shifting consumer preferences towards fast, fresh products and online grocery deliveries.”


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