SIOR recently elected its 2021-2022 officers during its annual spring
world conference, TransACT 360, which was held virtually this year
due to the global pandemic. The elected officers will be installed in
Nashville, Tenn. prior to CREate 360, SIOR’s annual fall world
conference that is currently scheduled to be held in-person October
This fall, SIOR's current president-elect, Patrick Sentner, SIOR, an
office specialist in Pittsburgh, will assume office as SIOR Global
President. The current vice president, Patricia J. Loveall, SIOR, an
industrial specialist in Seattle, will become SIOR President-Elect.
David Lockwood, SIOR, an office specialist in Columbia, S.C., has been
elected as SIOR's Vice-President. After serving a one-year term as
vice president, Lockwood will serve as president-elect for a year and
then step into the presidency of SIOR in the fall of 2023.
John Adams, SIOR, will assume the role of Chapter Leadership
Council Speaker in the fall, and J.R. Steinbauer, SIOR, was elected as
The following members were elected to serve two-year terms on
SIOR’s Board of Directors as members-at-large:
Bruce Hecht, SIOR, an office specialist, Dallas
Vanessa Herzog, SIOR, industrial specialist, Tacoma, Wash.
In addition, the following SIOR members were also elected to serve
as Regional Directors for a two-year term:
Central Regional Director: Ryan Zabrowski, SIOR, industrial specialist,
Mid-Atlantic Regional Director: Dawn Marie Griggs, SIOR, office
specialist, Newport News, Va.
Northwest Regional Director: Devin Pierce, SIOR, industrial specialist,
Southeast Regional Director: William Burgess, SIOR, office specialist,
Southwest Regional Director: Keith Edwards, SIOR, industrial
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A CONVERSATION ABOUT THE PANDEMIC’S IMPACT ON THE
NEWEST INDUSTRIAL DARLING
In recent years, cold storage has become a very active property
sector as investors warm to the property type amidst strong
demand. Contrary to popular perception, food and beverage
logistics is driving demand far more than COVID-19 vaccine
distribution. Popular even before the pandemic, online grocery
shopping has grown by leaps and bounds in the past year.
In a February SIOR Chicago Fireside Chat, SIOR Chicago Chapter
2021 President Adam Marshall, Senior Managing Director,
Industrial Logistics, Newmark, discussed cold storage trends with
Jake Finley, CEO, Karis Cold Storage. The following are highlights
of their discussion.
Marshall: What is the current state of the cold storage industry?
Finley: As demand for cold storage has grown, supply has not
kept pace—and the inventory is aging. The average U.S. cold
storage facility is anywhere from 37 to 42 years old. You’re not
seeing speculative development, and some older, antiquated
buildings that were used for cold storage in the past may have
fallen out of the category altogether because they are obsolete.
Supply is constrained and vacancy is next to nothing.
Marshall: What are the primary markets for cold storage?
Finley: Demand for cold storage facilities, as for dry warehouses,
is population-driven. The primary use of cold storage is to bring
food close to the population. Many food products will not last
long unless refrigerated or frozen, of course. Port markets also
need cold storage since many fruits and vegetables are imported
and protein products are exported.
Marshall: How has the rise of e-commerce groceries changed the
cold storage supply chain?
Continue reading >
SIOR EVENT CALENDAR
SIOR ELECTS INCOMING
WARMING UP TO COLD
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TUESDAY MAY 11TH
2:00 PM - 3:00 PM - TENANT REP & CORPORATE SERVICES NETWORKING ROUNDTABLES - CLICK HERE
THURSDAY MAY 13TH
2:00 PM - 3:00 PM - TECHNOLOGY TOOLS TO BETTER YOUR BUSINESS - CLICK HERE
THURSDAY MAY 18TH
2:00 PM - 3:00 PM - OFFICE MEMBER GROUP NETWORKING ROUNDTABLES - CLICK HERE
VOULME 01 | ISSUE 41