Americold Realty Trust acquired Newport-St. Paul Cold Storage (Newport Cold), a 6.1 million ft3 temperature-controlled storage facility located in St. Paul, Minn., for $56 million. Newport Cold’s facility contains approximately 26,000 pallet positions and offers 3 acres of adjoining land available for expansion.

According to Atlanta-based Americold, the acquisition deepens its presence in the Minneapolis-St. Paul market. The company owns and operates 176 temperature-controlled warehouses, with over 1 billion ft3 of refrigerated storage, in the United States, Australia, New Zealand, Canada and Argentina.