Vertical Cold Storage, a developer and operator of temperature controlled distribution centers sponsored by real estate asset manager Platform Ventures, has purchased Lone Star Cold Storage of Richardson, Texas. The terms of the transaction are not public.
The Richardson warehouse is 227,331 square feet with 5,645,661 cubic feet of storage space, 17,982 pallet positions and 40 dock doors.
The facility is partitioned into seven rooms allowing for multiple temperature needs from -20 to 45 degrees. It is cooled using an energy efficient and environmentally friendly ammonia refrigeration system that keeps cost down while providing the required temperature range. Services include blast freezing, case picking, cross dock and EDI capabilities, with kitting support available.
“Lone Star Cold Storage has so many things going for it, including a top-rated team, ease of access to interstate highways without significant road traffic, a flexible building that can accommodate a wide variety of commodities including ice cream and proximity to more than two-thirds of the country's population within a two days drive,” said Curt Mastbergen, president of Vertical Cold Storage. “We are fortunate to have such great people in place at the facility and are looking forward to working with the current management team.”
Vertical Cold Storage is establishing a network of cold storages around the United States and will bring in best practices from the collective experience of its leadership to make the Richardson Lone Star Cold Storage operation even better by leveraging technology and automation for more consistent customer service.
About Vertical Cold Storage
Vertical Cold Storage is a South Dakota based full-service solution provider that builds, develops and operates temperature-controlled facilities throughout the United States. Vertical Cold emphasizes customer care and the satisfaction of supply chain professionals while deploying the industry’s most up-to-date technology and automation.