The article covers Karis Cold Storage’s recent $7.5 purchase of 5115 S. Millard in Chicago. CEO Jake Finley noted the firm was attracted to this property’s plug-and-play new condition and proximity to downtown, a major labor base and transportation hubs, as well as Chicago’s strength as the top food-producing city in North America.
REBusiness recently covered the lack of cold storage space, further exacerbated by the pandemic and the stress it has placed on our supply chain of food and other goods that require a controlled temperature environment. An image of 5115 S. Millard, Karis Cold Storage’s recent cold storage acquisition, was included in the story.
Karis Cold Storage Launches Specialized Nationwide Investment Platform with Initial Cold Storage Real Estate Investments in Chicago, Los Angeles and Denver
The company will develop and modernize supply chain facilities to meet the evolving needs of cold storage users. Expected customers including food, life sciences, and floral suppliers, as well as the third-party logistics companies who serve them.