Saxum Real Estate has surpassed $800 million in total investment capitalizations and launched $650 million in new developments, spanning more than 4.2 million square feet of assets across the U.S., the company announced Thursday.
The Summit-based firm, known for its aggressive growth in the cold storage, industrial and housing sectors, is continuing its momentum from a strong 2023, when it achieved more than $1 billion in capitalizations across 3.7 million square feet of real estate.
Saxum, which bills itself as the most active cold storage developer in the country, added $300 million in new investments in that segment. The firm broke ground on two advanced cold storage facilities in Joliet, Illinois, and Crown Point, Indiana—key logistics hubs in the greater Chicago area.
In the multifamily space, Saxum launched two luxury residential projects in Port Chester, New York, and Red Bank, New Jersey. Together, the developments will add 435 Class A units to its portfolio, reflecting the company’s continued focus on high-quality, amenity-rich housing in competitive markets.
Saxum also closed on nearly $300 million in industrial investments, including:
- NetPark Tampa Bay Redevelopment (Florida): A 98-acre site with potential for 1 million square feet of industrial space, envisioned as a major logistics hub.
- 1 Electronics Project (New Jersey): A key industrial acquisition that expands Saxum’s presence in the state’s core distribution corridor.
- El Paso Industrial Development (Texas): A two-phase, 1.7 million-square-foot project in a key cross-border logistics market, marking one of the firm’s largest transactions to date.
“Saxum continues to push forward aggressively with nearly $2 billion in capitalizations over the last 24 months, despite one of the most dynamic and challenging real estate environments in recent history,” said Anthony Rinaldi, founder and managing principal. “We are incredibly proud of our team’s resilience and our partners’ commitment, which has enabled us to navigate market volatility and execute on major developments nationwide.”
Saxum manages a portfolio of more than $3.4 billion in capitalizations and 13 million square feet of assets across the cold storage, industrial and multifamily sectors. The firm maintains a vertically integrated development and investment platform, allowing it to manage the entire lifecycle of projects in-house.
