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By Alex Lennane
Chicago-based Clarius Partners LLC and Elgin-based Wanxiang America Real Estate Group have announced a joint venture to build a 400,000-square-foot cold storage warehouse in the Chicago neighbourhood of Pilsen. It is hoped the 23-acre site will attract food companies getting pushed out of the gentrified Fulton Market corridor. “You’re going to be hard-pressed to find any vacancy in refrigerated cold storage that’s… less than 20 years old,” said Bismarck Brackett, chairman of the Urban Investment Research Group, “so the wind is probably at (Wanxiang’s) back.”