SADDLE BROOK, NJ — Investors increasingly are warming up to the U.S. cold storage warehousing sector, pushing cap rates for class A facilities closer to those of traditional high-quality warehouses. In New Jersey, online grocery sales continue to spur the need for construction and investment in cold storage facilities. However, cold storage presents its own unique challenges, according to a new report from CBRE. CBRE’s report, the third and final installment in its Food on Demand series about cold storage, outlines how trends such as the anticipated growth of online grocery sales have narrowed the gap in cap rates between cold storage warehouses and dry-storage facilities to 75 basis points (bps) from 200 bps in the past three years.