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Phoenix Cold-Storage Facility Sells for $42 Million As Freezer Real Estate Catches Fire in Pandemic

Shoppers Hoarding Frozen Food, Buying Groceries Online Increases Demand for Refrigerated Buildings
A Tempe, Arizona, developer built Café Valley's cold-storage facility in 2010. (CoStar)
A Tempe, Arizona, developer built Café Valley's cold-storage facility in 2010. (CoStar)

(This story was corrected to reflect the seller as Cornerstone Arizona and updated to include the brokerage representing the seller.)

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