CHICAGO-Dallas-based Gearing Capital Partners Inc. and Minneapolis-based CarVal Investors have hired Grubb & Ellis to find 70,000-square-feet of tenants for a 300,000-square-foot freezer/cooler building. The property at 2635 S. Western Ave. is in the Interstate 55 Corridor, noted for its distribution facilities.

Jim Cummings, associated vice president with Grubb & Ellis, tells GlobeSt.com that the property is one of the best of a handful of top freezer storage facilities in the region. The space is equipped with racking equipment that can accommodate more than 8,000 pallet positions, and the interior configuration provides 60-foot deep refrigerated staging bays. “We’re already in negotiations for a good amount of the available space,” he says.

The most likely users, the food companies, have weathered the recession rather well, Cummings says. “Even during the tough times they’ve seemed to break even,” he says. “It’s an irreplaceable need.”