The Wall Street Journal: Industrial Real-Estate Developers Are Hot on Cold-Storage Warehouses

Thomas Eldridge, principal at Atlanta-based RL Cold, a RealtyLink company, entered the field in 2020. “There’s so much demand, and this is something that’s critical,” he said. “It’s vital for our economy.…Everyone has to eat. We have not experienced any slowdown at all. If anything, it’s picked up.”

RL Cold has three refrigerated buildings of about 300,000 square feet each under construction in Charleston, S.C., Baytown, Texas, and Wilmington, N.C. The projects were started without tenants lined up, and have all been leased since the work began.

Mr. Eldridge said RL Cold is scheduled to close on three more cold-storage sites in the next 90 days, a sign of continued confidence in the sector.