Ti Cold Development, a nationally recognized leader in the cold chain industry, has begun work on a 315,000-square-foot cold storage facility in Phoenix. Upon completion, this facility will feature nearly 40,000 pallet positions, a 60-foot-deep refrigerated dock, 40-foot-deep refrigerated rail dock and -10F to 35F, fully convertible refrigerated / frozen space.
Looking back on what we’ll call 2020 B.C. (Before Coronavirus), the pipeline for cold storage construction was already robust and healthy. According to research by commercial real estate firm CBRE, overall industrial construction—which encompasses cold storage, along with warehouses, distribution centers, manufacturing facilities, self-storage, office and flex space—was at 298 million square feet (MSF) before COVID-19, bolstered by the ongoing rise of e-commerce.
Acquisition expands Lineage’s U.S. network with the addition of 14 facilities and bolsters its presence in the Pacific Northwest.
May 30, 2020
Lineage Logistics (Lineage), the world’s largest provider of temperature-controlled logistics solutions, announced it has signed a definitive agreement to acquire Henningsen Cold Storage Co. (Henningsen). Lineage was founded by and continues to be managed by Bay Grove. The strategic acquisition adds to the company’s expansive U.S. facility network and bolsters its presence in the Pacific Northwest, with the addition of 14 facilities across Oregon, Washington, Idaho, Pennsylvania, North Dakota and Oklahoma. Financial terms of the transactions were not disclosed.
However, challenges stemming from the specialized nature of the sector will continue to restrain additional growth in transaction volume.
December 11, 2019
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.
The growth of online grocery sales has stoked demand for additional cold storage warehousing space in the United States.
October 1, 2019
The growth of online grocery sales has stoked demand for additional cold storage warehousing space in the United States, but the cost and complexity of constructing cold storage facilities might make meeting that demand challenging, according to a new report from CBRE, Los Angeles.
The need to create a smaller scale food logistics hub may be the answer in solving the lack of cold storage, reefer carrier availability.
August 7, 2018
Tippmann Innovation, Fort Wayne, Ind., partnered with The United States Department of Agriculture (USDA), Washington, D.C., to assess current and long-term needs for growers and processors throughout Northeast Maine.
The 127th IARW-WFLO Convention is dubbed the No. 1 event for executives of temperature-controlled warehousing and logistics companies and industry suppliers eager to advance the cold chain.
CBRE’s analysis found that larger concentrations of food-grade cold storage facilities occur in states with substantial agricultural production, large populations or both.
March 15, 2018
The growth of online grocery sales could result in demand for up to 35 million square feet of U.S. cold storage space shifting from retail stores to warehouses and distribution centers within the next seven years, according to a new report from CBRE, Los Angeles.
The meat, fish and seafood segment generated the highest revenue, accounting for around 35% of the cold chain logistics market revenue in 2015.
January 24, 2017
The global cold chain logistics market is expected to garner $426,275 million by 2022, growing at a CAGR of 16% (2016-2022), according to a report published by Allied Market Research, Portland, Ore.