FORT WORTH—The COVID-19 crisis has pushed the US food supplysystem to its limit. However, cold storage is the criticalbehind-the-scenes component holding it together, according to AlexLangerman, COO of Cold Summit Development.
In March 2020, the Department of Homeland Security classifiedcold storage facilities and those employees as essentialinfrastructure, to allow those facilities to remain open andoperating through the peak of pandemic. Ultimately, the frontlineworkers in this sector prevented widespread food shortages acrossthe country.
A recent South Fort Worth transaction exemplifies the demand forcold-storage facilities. CIM Group acquired Junction 20/35, anindustrial property of approximately 1.128 million square feetconsisting of cold and dry storage, and an adjacent 14.42-acreparcel located at 7550 Oak Grove Rd.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
