Lineage Inc. in Novi, the world’s largest global temperature-controlled warehouse REIT (Real Estate Investment Trust), has acquired three warehouses totaling approximately 24 million cubic feet and 85,000 pallet positions from Bellingham Cold Storage in Washington state. Terms of the transaction were not disclosed.
The acquired assets include three locations on the west coast of Washington state: the Bellingham Waterfront Warehouse Center, the Orchard/I-5 Warehouse Center, and the Burlington Dry location.
The acquisition expands Lineage’s network in the U.S. Pacific Northwest region, which now includes 40 strategically located facilities across Washington, Oregon, and Idaho. Additionally, the acquisition adds a warehousing footprint at the Port of Bellingham, a critical hub for seafood and agricultural products.
“We are pleased to welcome Bellingham Cold Storage into the Lineage family,” says Brian Beattie, president of North America West at Lineage. “This strategic acquisition positions us to better serve customers in the Pacific Northwest and beyond. Bellingham has long been a cornerstone of the seafood and agriculture industries, and these facilities will allow us to offer additional supply chain solutions for our customers.”
Doug Thomas, president and CEO of Bellingham Cold Storage, says: “Lineage has recognized BCS as one of the highest-quality cold chain providers in North America, both for the dynamic nature of our operations as well as our exceptional service. I am confident they will be fantastic stewards of the business, maintaining our excellent track record of customer service and providing a welcoming home to our team members.”
For more information about Lineage and its efforts to build a smarter, more sustainable, and efficient food supply chain, visit onelineage.com.
In Related Industry News: Vertical Cold Storage, a Kansas City, Mo.-based developer and operator of temperature-controlled distribution centers, has purchased Arctic Logistics in Canton Township. The acquisition makes Vertical Cold Storage the sixth largest cold storage company in North America. Terms were not disclosed.
The facility, located at 4360 S. Haggerty Road, is 140,000 square feet, has 19 dock doors, and includes more than 20,000 pallet positions.
Built in 1993 and expanded in 1999, the distribution center has blast freezing, case picking, kitting, and cross-docking capabilities. Storage areas have temperatures ranging from -20°F to +40°F. The warehouse is USDA inspection-certified and features import and export services for trade with Canada.
“In Vertical Cold we have found the perfect partners to bring our business to the next level for the benefit of our customers and our team,” says John Connor, president of Arctic Logistics. “All of us are looking forward to a quick and easy transition, and then to sustained growth.”
For more information, visit verticalcold.com.
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