Cold-Link Logistics is moving forward with a significant expansion of its Cold-Link Logistics Providence facility, a tri-temperature cold storage property at 1 All American Way in North Kingstown, RI. The project will add 65,000 square feet of new freezer space to the existing operation, aimed at accommodating rising demand for refrigerated and frozen capacity across the region.
Following completion, the property will increase from its current 64,000 square feet to a total of 129,000 square feet. The expansion is designed to meaningfully boost throughput and storage efficiency at the site, which serves a variety of temperature-sensitive users and supply chain requirements.
The project will also materially increase pallet capacity. Cold-Link plans to add 13,500 frozen pallet positions as part of the buildout, more than tripling total onsite capacity to 18,000 pallet positions. This enlarged footprint is intended to give the operator greater flexibility to handle surges in volume and evolving inventory strategies driven by changes in food distribution and logistics patterns.
Leadership at Cold-Link Logistics framed the move as a strategic response to structural shifts in the cold storage sector. “This expansion underscores our confidence in Cold-Link Logistics’ ability to capture growing demand for high-quality cold storage driven by evolving supply chain needs,” said Michael Mandich, president and managing partner of Cold-Link. The comments highlight the company’s view that demand for modern, high-specification cold storage space is continuing to build.
On the capital side, JLL Capital Markets arranged $33,900,000 in financing to support the expansion and renovation of the facility. The financing package is structured as a floating-rate, four-year loan, providing the borrower with flexibility over the near term as the project is executed and the additional capacity is brought online.
The JLL Capital Markets team was led by senior managing director Melissa Rose and managing director Amy Lousararian. They were supported by vice president Hugh Doherty and analyst Mitchell Sampson. While the lender was not disclosed, the financing underscores the continued availability of debt capital for specialized industrial assets such as cold storage, particularly where operators can demonstrate strong demand fundamentals and clear plans for capacity growth.
With construction and upgrade activity focused on expanding freezer space and increasing pallet positions, the Cold-Link Logistics Providence facility is positioned to play a larger role in serving regional cold chain requirements once the project is complete.
