Cold Storage Daily - January 29 - CBRE sells cold storage in Vancouver, BC for C$10.4M

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NEWS ROUNDUP

DISPOSITION: CBRE sells cold storage in Vancouver, BC area for C$10.4M. CBRE has facilitated the sale of 2071 No. 6 Road in Richmond, British Columbia, Canada. The property features a 14,649 SF cold storage warehouse on a 0.5 acre lot. The sale price was C$10.4 million (about US$7.22 million). The CBRE deal team included Steve Brooke, Joel Barnett, and Alex Mei.

ACQUISITION: Lineage acquires Fremantle City Coldstores in Australia. Lineage has acquired Fremantle City Coldstores (FCC), a cold storage facility located at 3 Darkan Avenue in North Coogee, Western Australia. The purchase was part of the company’s long-term strategic growth plan for the Australia and Asia-Pacific markets. With the acquisition, Lineage adds nearly 1.5 million cubic feet of space and more than 8,000 pallet positions. The Lineage deal team included Brooke Miller and Morris Guest.

DEVELOPMENT: Agile building $61M cold storage facility in Kaufman, TX. Agile Cold Storage has broken ground on a new cold storage warehouse at 269 State Highway 34 Bypass in Kaufman, Texas. The facility will encompass 122,949 SF and include frozen, refrigerated, and deep-freeze zones. Agile expects to complete the project by the end of 2025. The Agile development team is led by CEO Don Schoenl.

DEVELOPMENT: FreezPak opens cold storage facility in Los Angeles, CA. FreezPak Logistics has announced that it has opened its first West Coast facility at 3050 East Washington Boulevard in Los Angeles, California. The facility spans 150,000 SF with both frozen and cooler storage. The FreezPak development team is led by Mike Saoud and Dave Saoud.

DEVELOPMENT: Byler’s Store opens cold storage warehouse in Dover, DE. Byler’s Store has opened a cold storage facility at 651 Garrison Oak Drive in Dover, Delaware. The facility totals 26,560 SF and was built by a Scenic Ridge Co. team led by Doug Groff.

PEOPLE MOVES: CJ Logistics hires cold chain business development leader. CJ Logistics has hired Matt Pesavento to serve as Senior Director of Business Development. Pesavento will help the company identify new cold chain growth opportunities. Previously, Pesavento served as Vice President of Business Development at RL Cold.

COLD STORAGE PROPERTIES FOR SALE

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For Sale or Lease | 59,875 SF | 4.8 AC | 21’-30’ Ceiling Heights | Primarily Frozen Storage | 9 Dock Doors | Blast Cells | Immediate Philadelphia Proximity

67,401 SF | 4.93 AC | Entire Building is Fully Temperature Controlled | 21’-22’ Ceiling Heights | Bohn Coils and Freon System | Kohler Back-up Generator | R-40 Insulated Walls | Fully Sprinklered | Deep Chill Capable

99,750 SF | 14.67 AC | Brand-New Construction | 32’ Clear Height | Tri-Temp Facility | Build-to-Suit for Hungryroot | 100% Leased | 10-Year NNN Lease in Place | Easy Access to I-20 and I-75 | To Be Completed in 2025

COLD STORAGE PROPERTIES FOR LEASE

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354,051 SF Total | 2 Buildings | Building A: 205,888 SF Fully Convertible Facility with 4 Demised Rooms to Support Various Temperature and Size Requirements | Building B: 148,163 SF SF with Ability to Be Cooler or Freezer | Construction Completed January 2025

1,800-25,200 SF | 1 Space Available | High-Efficiency Refrigeration System | Shared Forklift

157,845 SF Available | 15,000 SF Freezer | 15,000 SF Cooler (Expandable to 111,000 SF) | 31’ Clear Height | 24 Docks | 250 Parking Spaces | 30 Trailer Spaces | Fenced and Secured

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