Real Estate Weekly: Port of NY-NJ and its Environs Housing Large Deals for Cold Storage Warehouses
Francis J. Giantomasi was featured in a Real Estate Weekly article titled "Port of NY-NJ and its Environs Housing Large Deals for Cold Storage Warehouses." According to Frank, “We’re seeing an enormous demand for freezer warehouses, We’re seeing clients looking for warehouse space down at Exit 3 and 4 of the Turnpike. We’re almost as far away as Philadelphia. But what’s happened is, there’s an enormous amount of food products and perishables that’s coming in from Asia and South America and then landing here in the Port of New York and New Jersey. The food products: juice concentrate from China, shrimp from the Philippines or squid from Vietnam. We’re seeing all sort of stuff coming in here. It’s got to be frozen. It’s got to be refrigerated.”
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