Cold Storage Daily - November 11 - RealCold opens cold storage facility in East Hanover, NJ

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NEWS ROUNDUP

GRAND OPENING: RealCold opens cold storage facility in East Hanover, NJ. RealCold has announced the opening of its newest facility at 111 NJ-10 in East Hanover, New Jersey. The property features a 380,000 SF Class A cold storage facility with approximately 42,000 pallet positions. The RealCold leadership team includes Keith Goldsmith and James Kosann.

DISPOSITION: Institutional Property Advisors sells cold storage and food production facility in Opelika, AL. The Institutional Property Advisors (IPA) team at Marcus & Millichap has facilitated the sale of 4801 Northpark Drive in Opelika, Alabama. The property features a 165,000 SF LEED-certified food manufacturing and cold storage facility. It’s fully occupied by Golden State Foods. The IPA deal team included Tivon Moffitt, Peter Bauman, Grant Baecker, Quinn Callahan, Gary Frazier, Owen Kinzer, John Spina, Brett Baker, Roman Shenkiryk, and Diana Givens.

ACQUISITION: Whittier Woods buys cold storage in DC metro for $12.95M. Whittier Woods Capital has acquired 9001 East Hampton Drive in Capitol Heights, Maryland. The property features a 48,000 SF colds storage facility currently leased to Top Food Corp. The Whittier Woods deal team was led by Lance Schwarz and Alex Corboy.

ACQUISITION: Microsoft buys cold storage and distribution facility in Racine, WI, metro for $70M. Microsoft has acquired 3138 County Road H in Sturtevant, Wisconsin, from United Natural Foods Inc. The property features a 445,133 SF distribution and cold storage facility on 70 acres. Microsoft intends to redevelop the property as a data center.

FINANCING: LNL Capital provides $41M construction loan for Twin Cities cold storage. LNL Capital has provided a first-lien construction loan for a 75,000 SF build-to-suit cold storage facility in Lakeville, Minnesota. When completed, the property will be tenanted by a Fortune 500 company. Joe Yiu led the LNL deal team.

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COLD STORAGE PROPERTIES FOR SALE

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Rare Opportunity to Acquire 2 Fully Automated Cold Chain Facilities | Available as a Portfolio or Individually | Apollo North: 329,199 SF (Phase 2 Expansion Nearing Completion) | Apollo South: 280,859 SF | Modern 2022-2023 Construction | 10.5 MW of Power Each Through Utility Service and Onsite Fuel Cell Generation | State-of-the-Art CO2 Cascade Refrigeration | 135’ Rack-Supported ASRS Configuration

200,200 SF Proposed | Fully Approved and Shovel Ready | 16.65 AC | Building Height Up to 60’ | 46 Loading Docks | 2 Drive-in Doors | 24 Trailer Parking Spaces and 68 Car Parking Spaces

19,346 SF | 1.14 AC | Specialized Refrigeration/Freezer Infrastructure | 1200 Amps, 240 Volts, 3-Phase Power | Dock Loading and Adequate Truck Turning Radius | Up to 18’ Clear Height

COLD STORAGE PROPERTIES FOR LEASE

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35,959 SF | 20’ Clear Heights Supporting 3-Level Racking | 2,500 Total Pallet Positions upon Freezer Renovation Completion | Main Dock: 4 Insulated Dock-High Doors plus 1 Insulated Elevated Door; Secondary Dock: 2 Insulated Dock-High Doors with 30’ Dock Width

13,475 SF | 2,931 SF Ultra-Low Freezer with 18’ Clear Height and Custom Automatic Door | 900 SF Cooler | Temperature-Controlled Processing and Staging Rooms | 1,600 Amps, 120/240 Volt Heavy Power | Metal Outdoor Canopy | New 2nd Story Office | Central Downtown Los Angeles Location

86,500 SF | 1 Drive-in Door | Recently Remodeled Production Freezer | New Fire and Ammonia Alarm System | Expanded Employee Parking | Security Video Camera System Throughout Facility | Utilities Stubbed for Future Plant Expansion

ONE MORE THING

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