Vertical Cold Storage, a developer and operator of temperature controlled distribution centers sponsored by real estate asset manager Platform Ventures, has acquired three public refrigerated warehouses in Florida, North Carolina and Nebraska from US Cold Storage. Terms of the transaction were not released.
The purchased facilities are:
- Medley, Florida, near Miami: 6.7 million cubic feet with 29 dock doors. It features temperature zones ranging from -10 F to 45 F, import/export and repack services.
- La Vista, Nebraska, near Omaha: 3 million cubic feet with 31 dock doors. It features temperature zones ranging from -10F to 45F, import/export and is ASI certified.
- Marshville, North Carolina, near Charlotte: 2.3 million cubic feet with 16 dock doors. It features temperature zones ranging from -10 F to 45 F, blast freezing to -30 F, export and is USDA and FDA certified.
“These acquisitions give us a strong foothold in some of the fastest-growing yet underserved regions of the country and support our rapidly expanding protein business, including meat, poultry and seafood,” said Curt Mastbergen, President of Vertical Cold Storage. “As public facilities, we plan to build the customer base at each location by introducing new technology, automation and best practices designed to dramatically improve customer performance. The purchase also complements our greenfield development efforts.”
About Vertical Cold Storage
Vertical Cold Storage is a full-service logistics 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.