Atlas sells plant, starts operating another
Jun 1, 2006 12:00 PM
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 Atlas' specifications and then leased back to Atlas for 10 years with options to renew terms.
Reprints and Licensing
© 2013 Penton Media Inc.
© 2013 Penton Media Inc.
