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Vertical Cold Storage Surges to Sixth Largest Cold Storage Provider in North America
Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures, moved from 15th to sixth on the Global Cold Chain Alliance’s (GCCA) North American Top 25 List of Refrigerated Warehousing and Logistics Providers. The company now has more than 77 million cubic feet of capacity in nine locations and employs more than 400 full-time team members.
In the past 12 months, Vertical Cold acquired MWCold in Indiana, purchased a second facility in the...
The $1 Billion Bet to Get Us Our Steak and Ice Cream
Related, the well-known investor in office towers and apartment buildings, is wagering $1 billion on a niche real-estate sector often associated with frozen pizzas, steaks and yogurt.
An affiliate of the New York-based firm is launching a business called RealCold, a network of cold storage distribution facilities that aims to benefit from the rise in online grocery shopping and America's evolving eating habits.
RealCold plans to break ground later this year on its first two cold storage locations, in Lockhart, Texas and Lakeland...
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