
NewCold Upsizes by Nearly 600% at 500 W. Madison
Colliers’ Dougal Jeppe represented NewCold in its North America headquarters expansion at KBS’ 500 W. Madison St. in Chicago’s West Loop. With the new lease, NewCold, one of the fastest growing advanced automated warehouse and cold chain logistics companies in the world, expands its office space nearly six-fold from 6,000 to 35,564 square feet.
“Convenience, economics and an ideal space in which to grow really drove this deal,” said Jeppe. “The West Loop continues to be a destination for highly successful companies.”
Jonas Swarttouw, VP of business development at NewCold, added, “Having a great office environment is a key enabler for our team and critical for all of the supply chain, logistics, engineering, IT, and other talent we will be hiring in the coming years.” The Netherlands-based company reportedly plans to increase its local headcount by 125 over the next two years.
- ◦Lease