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400 Industrial Drive cold storage facility in Birmingham, AL

Colliers Aids Largest Cold Storage Lease in Southeastern United States

Colliers has facilitated the lease of Provender Partners’ 486,353-square-foot industrial cold storage facility in Birmingham, AL. The building was leased to AFH Logistics, provider of supply chain solutions, for a duration of 10 years.

According to Colliers, the agreement represents the largest cold storage lease in the Southeastern US.

“The demand we are seeing for cold storage is quite active and underscored by the amount of speculative cold construction planned in the coming years and currently underway, increased investor and capital interest in cold storage, a continuing trend of compressing cap rates and significant rental rate increases on second generation cold space,” said Chris Cummings, SVP with Collier’s food advisory services group.

The tenant, AFH Logistics, holds a contract with the U.S. Federal Government to provide food and equipment to areas affected by natural disasters and plans to use this building as a logistics center to carry out this work.


Inside The Story

Colliers’ Cummings

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.

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