Vertical Cold Storage Acquires Three Temperature-Controlled Warehouses From United States Cold Storage

Vertical Cold Storage, a developer and operator of temperature controlled distribution centers sponsored by real estate asset manager Platform Ventures, has acquired three public refrigerated warehouses in Medley, FL, Marshville, NC, and La Vista, NE, from US Cold Storage. Terms of the transaction were not released.

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“As public facilities, we plan to build the customer base at each location by introducing new technology, automation and best practices designed to dramatically improve customer performance. The purchase also complements our greenfield development efforts.”

“These acquisitions give us a strong foothold in some of the fastest-growing yet underserved regions of the country and support our rapidly expanding protein business, including meat, poultry and seafood,” said Curt Mastbergen, President of Vertical Cold Storage. “As public facilities, we plan to build the customer base at each location by introducing new technology, automation and best practices designed to dramatically improve customer performance. The purchase also complements our greenfield development efforts.”

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The purchased facilities are:

Medley, FL, near Miami, is 6.7 million cubic feet with 29 dock doors. It features temperature zones ranging from -10ºF to 45ºF, import/export and repack services.

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