Vertical Chilly Storage will purchase its tenth chilly storage facility, in Dothan, Ala. Sponsored by Platform Ventures, the corporate entered into an acquisition settlement that’s anticipated to shut in August. Dothan Warehouse will promote the 109,000-square-foot asset.
The present proprietor expanded the 2019-built property final 12 months. The frozen distribution middle focuses on poultry meant for export markets.
The USDA-certified facility’s options embrace 10 dock doorways, high-capacity blast freezing, case choosing, cross-dock configuration and kitting capabilities.
Situated at 3570 Westgate Parkway, it permits entry to close by main thoroughfares, together with U.S. routes 231, 431 and 84. This location permits one-day supply to main ports, akin to Cell, Ala., Jacksonville and Panama Metropolis, Fla., Savannah, Ga., and New Orleans.
In November final 12 months, Vertical Chilly Storage broke floor on a multi-modal distribution facility in Kansas Metropolis, Mo. Primus Builders is setting up the 300,000-square-foot asset, which is anticipated to start operations by the top of this 12 months.
Important latest investments within the chilly storage sector embrace Americold Realty Belief’s $170 million acquisition of a nine-building portfolio. World Web Lease offered the properties, that are leased to subsidiaries of the client.
In October final 12 months, Lineage Logistics purchased a 1.3 million-square-foot portfolio from Burris Logistics. The eight properties span six Japanese and Midwestern states.
