Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers, has opened a 311,000-square-foot-plus multimodal distribution site in Kansas City that serves producers of temperature-controlled food and beverages.
Located at 14820 Cleveland Ave, Kansas City, Mo., on the Candian Pacific Kansas City Pittsburg Subdivision (near Overland Park), the site is adjacent to CPKC’s IFG (International Freight Gateway) intermodal terminal and within 30 miles of BNSF, Union Pacific and Norfolk Southern terminals. Sponsored by real estate investment firm Platform Ventures LLC, it features 47,000 pallet positions, “state-of-the-art” blast freezing technology, and multiple rooms convertible from +35° F to –20° F. The building’s design and construction, according to the company, “uses innovative materials and systems to reduce energy consumption.” It is expected to employ more than 100 full-time people.
“This state-of-the-art multi-modal center has the latest technologies and equipment to support our customers’ distribution needs,” said West Hutchison, President and CEO of Vertical Cold Storage. “Our highly trained and experienced Kansas City team is proud to support the wide variety of needs those customers bring to us every day. The Vertical Cold leadership thanks our development partners, Port KC, Platform Ventures and our team members. We couldn’t have done this without them.”
“The new Vertical Cold Kansas City facility is the result of decades of experience at every level of temperature-sensitive warehouse operations and management,” said Ryan Anderson, Co-President and Co-Founder of Platform Ventures. “Clients using its services can expect a partnership that delivers a solid ROI, safe product transfers and a fully supportive and professional staff.”
Vertical Cold Storage offers temperature-controlled cold storage warehousing and distribution solutions in the cities and surrounding areas of Chicago, Dallas, Indianapolis, Charlotte, Miami, and now, Kansas City. The company notes it is “focused on acquiring and integrating existing and developing greenfield cold storage facilities and providing a consistent customer experience across our entire platform.”
Platform Ventures, LLC describes itself as “an independent, entrepreneurial private investment firm that invests through closed and open-end opportunistic real estate funds with scalable investment strategies. Our operator-oriented investment platform is vertically integrated across logistics, housing, and real estate credit through subsidiaries that include Platform Investments, LLC, a wholly owned SEC registered investment advisor. The firm invests selectively across the capital structure in direct acquisitions, joint ventures, recapitalizations, and reorganizations. Platform Investments, LLC, manages more than $3.4 billion of assets on behalf of institutional, family office and high net worth investors.”
