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.
Bridge Development Partners LLC and PGIM Real Estate, the global real estate investment management business of Prudential Financial, launched a $150 million cold storage investment program. The joint venture will seek value-add returns through the development of Class A cold storage facilities, as well as the acquisition and repositioning of Class A/Class B cold storage developments across the United States.
Construction of two refrigerated distribution facilities for Lineage Logistics LLC in Vernon, Calif., has been completed. Design-build firm Stellar handled the renovation of a single cold storage building that Lineage acquired into two adjoining facilities with refrigerated storage and office space.
Lineage Logistics Holdings of Novi, Mich., signed definitive agreements to acquire Dallas, Texas-based Emergent Cold. The acquisition strengthens Lineage’s presence in the United States and signifies its entry into the Australian, New Zealand and Sri Lankan temperature-controlled logistics markets.
Stellar, a fully integrated design-build firm, completed construction of two refrigerated distribution facilities for Lineage Logistics in Vernon, Calif. The two adjoining facilities, which total 200,000 ft2, began as one cold storage building.
Americold Realty Trust entered into a definitive agreement to acquire Canada’s Nova Cold Logistics, together with its institutional partners, for approximately $253 million. The Nova Cold portfolio consists of three locations (Toronto, Calgary, Halifax) totaling 23.5 million ft3 with approximately 81,000 pallet positions.
Design-build firm A M King finished design and construction of a greenfield facility for TrueCore, a manufacturer of insulated metal panels for use in construction and renovation of industrial cold storage and food processing projects. The building sits on a 14-acre site in Laurens, S.C.
Premier Refrigerated Warehouse, a provider of cold storage solutions, signed a deal to occupy a 200,000 ft2 facility under construction in Burleson, Texas. According to a report, the facility is expected to be complete by the fourth quarter of 2021.
A M King, a fully integrated design-build firm, won two Excellence in Construction (EIC) Eagle Awards from Associated Builders and Contractors (ABC) Carolinas for its work on Aldi Inc.’s regional headquarters and distribution center in Dinwiddie County, Va., and for Cheney Brothers Inc.’s cold storage distribution center in Statesville, N.C.
Star Refrigeration completed the manufacture and installation of a new cold storage facility at Lineage Logistics’ site in Great Haddon, United Kingdom. The 75,000 m3 plant includes 15,000 pallet spaces of frozen warehouse capacity.
Check out the January 2020 edition of Process Cooling: Cryogenic cooling for hemp processing, automation for cooling tower maintenance, minimizing white rust on galvanized cooling towers and much more!