Clarion Partners Acquisition of Northpoint Cold Storage, Chicago, IL

Deal value: $93,000,000

Clarion Partners acquired Northpoint Cold Storage, a 210,000 SF cold storage facility in Chicago, Illinois, targeting growth in temperature-controlled logistics.

Clarion Partners' acquisition of Northpoint Cold Storage is driven by the surging demand for temperature-controlled logistics, particularly in urban infill locations like Chicago. The investment thesis centers on the belief that cold storage is a resilient, high-growth segment fueled by e-commerce, food distribution, and pharmaceutical supply chains. The timing reflects both post-pandemic supply chain recalibration and the scarcity of modern cold storage assets in major metros.