Lineage Logistics, a Colton, Calif.-based warehousing and logistics company sponsored by Bay Grove Capital LLC, San Francisco, acquired the real estate and assets of a facility located in University Park, Ill. Lineage has managed the operations at the facility on behalf of key customers since May 2009. Financial terms of the transaction were not disclosed.
Given its strategic location, UP serves as a key distribution facility in the Midwest for national food customers. Encompassing 518,000 square feet, the facility provides a breadth of service offerings, including temperature-controlled storage, import/export services, retail distribution, USDA on-site inspection and transportation services.