Atlas sells plant, starts operating another
May 17, 2006 9:21 AM, from staff and wire reports
Atlas Cold Storage Income Trust has sold its Phoenix AZ cold storage plant for about $2.0 million. The firm, which had been leasing this facility, purchased the property immediately before the sale. Part of the facility will continue to be leased short-term by Atlas.
The company also has begun operations at its new 159,000-square-foot cold storage facility in Pendleton IN. This facility was constructed according to Atlasí specifications and then leased back to Atlas for 10 years with options to renew terms.
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