ARCO National Construction Chosen for RealCold Projects in Florida, Texas
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ARCO National Construction is partnering with RealCold, an affiliate of the New York-based, multi-strategy real estate private equity manager Related Fund Management (RFM), on a national expansion of its cold storage logistics business. ARCO National Construction was selected to construct the first two new builds of RealCold’s domestic network. The cold chain company already has five existing facilities and plans to be in four additional major markets in the next three years. A nationwide leader in the construction of cold storage facilities, ARCO is providing design-build services for the 377,317 and 310,000-square-foot facilities located in Lakeland, Florida, and Lockhart, Texas, respectively.
“ARCO is thrilled to work with RealCold to design and construct the first two facilities in its plan to bring cold storage space to multiple markets across the U.S.,” says Brian Westre, vice president and operating partner for ARCO National Construction. “The RealCold team is clearly poised to launch a highly successful new business unit for Related, and we are grateful to be a part of that.”