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Provender Partners Warms to $67M Cost of Londonderry Cold Storage Warehouses
Provender Partners, a food-related industrial buildings investor, has acquired two Class A cold storage warehouses totaling 316,000 square feet in Londonderry, NH for $67 million.
The facilities are leased by ReallyCold and situated to serve a population of more than 87 million within an approximately 500-mile radius.
219 Rockingham Road’s 191,836 square feet comprises 147,623 square feet of -10 freezer space, 7,689 square feet of -20 below freezer space, 10,200 square feet of refrigerated dock space and 7,224 square feet of office space.
6 Rockingham Road’s 124,100 square feet features more than 90,000 square feet of -10 freezer space, 14,120 square feet of refrigerated dock space, 6,000 square feet of cooler/freezer and 5,342 square feet of office space.
“While there is tremendous demand, there is virtually no available freezer space in the Northeast US,” said Provender CEO and founder Neil Johnson.
Since 2014, Provender Partners has acquired $720 million of refrigerated real estate.
- ◦Sale/Acquisition
