Warehousing & Logistics

Vertical Cold Storage to Build New Distribution Center in Kansas City

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Vertical Cold Storage, a developer and operator of temperature-controlled warehouses sponsored by real estate investment firm Platform Ventures, has broken ground for construction of a multi-modal distribution center in Kansas City, Missouri. Primus Builders is the lead contractor for the project.

Scheduled to open by the end of 2024 and provide jobs for up to 130 full-time team employees, it will be the company’s eighth refrigerated warehousing operation. Others are based in the cities and surrounding areas of Chicago, Dallas, Omaha, Charlotte, Miami, and Indianapolis.

“We are excited to deliver the first facility in Kansas City to offer the value added services of blast freezing, case picking and expedited intermodal transportation solutions is an excellent location for customers interested in reducing their carbon footprint and transportation expense by leveraging new intermodal capacity for import/export or domestic transportation needs,” said West Hutchison, the company’s president and chief executive officer.

The site, adjacent to the CPKC intermodal terminal in south Kansas City, will have more than 300,000 square feet of space featuring approximately 50,000 pallet positions and four rooms convertible to -20° F. The building design and construction will utilize innovative materials and systems that reduce energy consumption. In addition to its nearness to CPKC’s intermodal terminal, the site is centrally located within 30 miles of the BNSF, Union Pacific and Norfolk Southern terminals, enabling intermodal access to or from anywhere in North America from the heartland of the USA.

About Platform Ventures

Platform Ventures is an SEC registered private investment firm targeting attractive and scalable sector-focused investments within real estate, infrastructure, and real estate credit. It invests selectively across the capital structure in direct acquisitions, joint ventures, recapitalizations, and reorganizations. Platform Investments, which is owned by Platform Ventures, manages over $3.1 billion of assets (as of June 30, 2023) on behalf of institutional investors, family offices and high net worth individuals.

“The Vertical Cold team has collaborated closely with our partners and the Kansas City government to develop an advanced multi-modal center, effectively addressing the supply chain challenges of our customers. This facility supports sustainability within the community and environmental friendliness, all while delivering lasting value to our investors. As proud Kansas City natives, we are thrilled to see the initial Vertical Cold build in our backyard,” said Ryan Anderson, co-president and co-founder of Platform Ventures.

Rendering of Vertical Cold Storage Kansas City facility. Construction will soon begin for the project.