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Cold-Link Readies Expansion of Rhode Island Cold Storage Facility
Cold-Link Logistics will undertake a major expansion and upgrade of Cold-Link Logistics Providence, a tri‑temperature cold storage facility at 1 All American Way in North Kingstown, RI. The investment will add 65,000 square feet of freezer space, positioning Cold‑Link to meet surging regional demand.
Once the expansion of the existing 64,000-square-foot facility is complete, it will span a total of 129,000 square feet. The expansion will add 13,500 frozen pallet positions, more than tripling total onsite capacity to 18,000.
“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.
JLL Capital Markets arranged $33.9 million in financing for the expansion and renovation, securing a floating-rate, four-year loan. The JLL Capital Markets team was led by senior managing director Melissa Rose and managing director Amy Lousararian, with support from VP Hugh Doherty and analyst Mitchell Sampson.
- ◦Development
- ◦Financing
