Americold announced on January 11 that it has concluded the purchase of the Tradewater coldstore in Atlanta, Georgia, USA that it has been operating for the past decade. Financial terms not disclosed.
The facility was constructed in 2005 as a build-to-suit site for an international food producer. Americold assumed the lease in 2006 and has run it as a public refrigerated warehouse ever since. The addition of the Tradewater site increases the company’s owned temperature-controlled storage capacity in the Atlanta market to more than 53 million cubic feet, and solidifies its leadership position in this key logistics hub.
The building contains more than 455,000 square feet of space and offers cold storage capabilities ranging between 0 and 34o F. The property is rail-served by CSX with temperature-controlled rail and truck docks, and has 60 dock doors with significant staging area capabilities for an assortment of value-added services including: case picking; order-kitting and assembly; repacking; tempering; blast freezing; cross-docking; date coding; full transportation FTL and LTL capabilities; and customized order processing.
“It’s always been our goal to fully integrate the Tradewater site into our portfolio, and everything aligned to conclude the purchase early in the year. As owners of the property, we will continue to invest in the site to further enhance the services offered to our clients,” said Fred Boehler, the company’s president and chief operating officer.
Headquartered in Atlanta, Americold is the largest temperature-controlled warehousing and logistics provider in the world, according to a ranking by the International Association of Refrigerated Warehouses. It owns and operates over 175 facilities with combined storage space of more than 1 billion cubic feet in the United States, Australia, New Zealand, China, Argentina and Canada. Its extensive network is an integral component of the international supply chain connecting food producers, processors, distributors and retailers to consumers. The company serves more than 3,000 customers and employs 11,000 people worldwide.