Saxum Real Estate Launches Major Cold Storage Facility Project
Saxum Real Estate has officially broken ground on an impressive 322,600 square foot cold storage facility designed to meet the soaring demands of modern logistics. This significant undertaking will serve tenant Arcadia Cold, a prominent name in third-party logistics (3PL). The skilled team at FCL Builders has been appointed as the design-build general contractor and is expected to oversee the project with precision.
Project Highlights and Features
This state-of-the-art facility is designed with operational efficiency in mind, boasting a height of 50 feet, numerous dock spaces, and doors that will streamline distribution and enhance container handling services. A unique feature of this development is its convertible rooms that can maintain a range of temperatures from -10 to 38 degrees Fahrenheit, crucial for the cold storage of perishable goods. With the capacity for approximately 45,000 pallet positions, this facility is poised to make a substantial impact on product distribution.
Timelines and Accessibility
Located strategically along a 26-acre site with frontage on I-65, this new construction provides immediate access to major interstate highways. This advantageous positioning will enable efficient transportation routes to metropolitan areas, bringing cities like Chicago, Detroit, and Indianapolis within easy reach. The project is slated for completion by the second quarter of 2026, marking an exciting milestone for Saxum Real Estate and its partners.
Strategic Importance of the New Facility
Sean Gilbert, Principal at Saxum Real Estate, emphasized the critical nature of this facility, stating, "The project will be a mission-critical cold storage location to service the consolidation of commodity food products and a regional distribution hub for perishable products grown and processed in the region." This reflects the ongoing commitment to improving the supply chain for regional producers.
Collaboration for Growth
JD Schwefler, Chief Commercial Officer at Arcadia Cold, shared the excitement surrounding the new facility, noting its strategic importance in the company’s national distribution network. According to Schwefler, the greater Chicago area is pivotal in further expanding logistics capabilities for their customers. The collaboration will not only assist in serving local producers but also enhance their offerings in quickly moving consumer packaged goods.
About Saxum Real Estate
Saxum Real Estate is a leading vertically-integrated real estate investment and development firm, recognized for its extensive portfolio and innovative approach. With assets exceeding $3.0 billion and a footprint of over 12 million square feet nationwide, Saxum is at the forefront of the real estate sector. The development pipeline continues to flourish, totaling over $1 billion across various types, including cold storage and industrial facilities.
About Arcadia Cold
Arcadia Cold specializes in facilitating efficient cold storage and distribution solutions tailored for the food industry. The company is dedicated to deploying modern facilities equipped with cutting-edge technology to ensure they meet their clients' needs efficiently. As one of the largest operators in the U.S., Arcadia continues to expand its network with multiple facilities under construction, ensuring they remain a leader in cold chain logistics.
Frequently Asked Questions
1. What is the purpose of the new cold storage facility?
The facility will act as a crucial hub for cold storage, aiding in the distribution of perishable goods and consolidating food products.
2. When will the facility be completed?
The project is expected to be operational by the second quarter of 2026.
3. Who is managing the construction of the facility?
FCL Builders has been appointed as the design-build general contractor for the project.
4. What features will the new facility have?
The facility will feature 50' clear height, numerous dock spaces, and rooms with temperature control ranging from -10 to 38 degrees Fahrenheit.
5. How does this project affect local logistics?
The new facility will enhance access to major markets and improve the supply chain for local food producers, bolstering regional distribution networks.
