Bay Grove Capital
acquires cold storage
warehouse in California
Jan 4, 2012 7:00 AM
Bay Grove Capital LLC, a principal investment firm based in San Francisco CA, has acquired a cold storage warehouse facility in Santa Maria CA. The property is on a 27-acre site and consists of approximately 335,000 square feet of cold storage and processing space. Financial terms of the transaction were not disclosed.
The Santa Maria facility will operate within Bay Grove’s existing family of cold storage companies, which includes Terminal Freezers, Flint River Services, Richmond Cold Storage, and West Coast Cold, the parent of CityIce and Seafreeze Cold Storage. These companies have a total combined capacity of more than 130 million cubic feet (5 million square feet), implying a rank of fifth on the International Association of Refrigerated Warehouses (IARW) North America Top 25 List.
“This facility will serve as a primary platform for future expansion to accommodate growth and enhance our footprint in California’s central coast region. We are excited to work alongside existing and new customers to ensure the success of this facility,” said Kevin Marchetti, managing director of Bay Grove.
Visit www.baygrovecapital.com for complete details.
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