Chicago’s Food Distribution Sector is Further Fueling Red-Hot Local Industrial Market
Bridge Development Partners got into the cold storage business around 2009, a time when getting into any real estate market was tough. But the local industrial developer quickly learned something about cold storage and the larger food distribution industry.
“Even in 2009, vacancy rates were going down and lease rates were going up,” said Brian Niven, senior vice president of cold storage at Bridge. “Food distribution is one of those things that is recession-proof.”