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Investors increasingly are warming up to the U.S. cold storage warehousing sector, pushing cap rates for class A facilities closer to those of traditional high-quality warehouses, according to a new report from CBRE, Los Angeles.
Following closing of the transactions, the combined company will feature over 1.7 billion cubic feet of temperature-controlled capacity across 260 facilities in 10 countries.
Following the acquisition of Plantgistix, A&R will be positioned as a provider of outsourced warehousing, packaging and export services dedicated to the plastic resin industry.
Wind Point Partners, Chicago, and portfolio company A&R Logistics, Louisville, Ky., acquired Plantgistix Holdings, a Houston, Texas-based provider of packaging, warehousing and full-scale export services dedicated to the plastic resin industry.
Designing a cold storage building envelope is a complex undertaking that requires special attention to detail and a collaborative design team experienced in cold storage best practices.
The study projects that the industry likely won’t experience dramatic job loss over the next decade, though many workers may see the content and quality of their jobs shift as technologies are adopted for particular tasks.
The UC Berkeley Center for Labor Research and Education, Berkeley, Calif., released a study that details how the adoption of new technology can (and will) transform the way warehouses operate over the next 5-10 years.
Dachser Americas, Plantation, Fla., relocated its Buenos Aires, Argentina, regional office as well as its Santiago, Chile, regional office to larger facilities.