Lineage, Inc.: A New Addition to Washington’s Cold Storage Landscape
In a recent business move, Lineage, Inc. (NASDAQ: LINE), the world’s largest global temperature-controlled warehouse real estate investment trust, has announced its acquisition of three warehouses from Bellingham Cold Storage (BCS). These new additions, totaling approximately 24 million cubic feet and 85 thousand pallet positions, are located on the west coast of Washington state.
The Acquired Assets
The three warehouses that have become a part of Lineage’s extensive portfolio are the Bellingham Waterfront Warehouse Center, the Orchard/I-5 Warehouse Center, and the Burlington Dry location.
Bellingham Waterfront Warehouse Center
This state-of-the-art facility, situated on the waterfront, offers direct access to major shipping lanes, making it an ideal location for international trade. With a capacity of 8 million cubic feet and 25 thousand pallet positions, it caters to various industries, including food and beverage, pharmaceuticals, and consumer goods.
Orchard/I-5 Warehouse Center
The Orchard/I-5 Warehouse Center, located near Interstate 5, boasts a strategic position that allows for easy access to major transportation routes. With 9 million cubic feet and 35 thousand pallet positions, it is well-equipped to serve local, regional, and national markets.
Burlington Dry Location
Lastly, the Burlington Dry location, with a capacity of 7 million cubic feet and 25 thousand pallet positions, is a vital addition to Lineage’s portfolio. This facility, designed for non-perishable goods, strengthens the company’s commitment to catering to a diverse range of industries.
Impact on Consumers
This acquisition by Lineage, Inc. is expected to lead to improved cold storage services and capacity for businesses in the region. With more options available, consumers may enjoy a wider selection of fresh and high-quality products, particularly in the food and beverage sector.
Impact on the World
On a larger scale, this acquisition strengthens Lineage’s position as a global leader in temperature-controlled warehousing. As the world’s population continues to grow and global trade becomes more interconnected, the demand for efficient cold storage solutions is expected to increase. Lineage’s expansion into the Pacific Northwest further solidifies its role in addressing this growing need.
Conclusion
Lineage, Inc.’s recent acquisition of three warehouses from Bellingham Cold Storage is a significant step in the company’s continued growth and expansion. With these new additions, Lineage strengthens its commitment to providing top-notch, temperature-controlled warehousing solutions to businesses and consumers alike. As the world’s population and global trade continue to grow, Lineage’s role as a global leader in this industry is more crucial than ever.
- Lineage, Inc. acquires three warehouses from Bellingham Cold Storage
- Total capacity: 24 million cubic feet, 85 thousand pallet positions
- Located on the west coast of Washington state
- Impact on consumers: improved cold storage services and capacity
- Impact on the world: further solidifies Lineage’s role as a global leader in temperature-controlled warehousing
