Scale Up of Providence-Area Cold Storage Facility
The owner landed $33.9 million for the expansion.
Cold-Link Logistics will expand its existing Cold-Link Logistics Providence, a tri‑temperature, cold storage facility in North Kingstown, R.I., with 65,000 square feet of freezer space.
Construction will start later this quarter, and upon completion scheduled for 2027, the property will span 129,000 square feet.
JLL Capital Markets secured a $33.9 million floating-rate, four-year loan for the expansion.
Cold-Link Logistics owner Mandich Group acquired the asset from US Foods in 2021 for $4 million, or $63 per square feet, according to Yardi Matrix information. Ellington Management Group provided a $5.3 million purchase loan, the same source shows.
Back in December 2025, Slate Asset Management and Hamilton Lane bought a majority stake in Cold-Link Logistics. The cold storage company’s footprint includes facilities located across Central, Northeastern and Southeastern U.S.
Older and colder
Located at 1 All American Way, the property has connection to Rhode Island Route 403 to the north and US Route 1 to the east, allowing access through the East Coast. In addition, the facility is rail served. Providence, R.I., is less than 20 miles north.
Built in 2000 on 7 acres, the building currently totals 64,000 square feet and features 30 feet clear heights, and 14 loading doors—one at grade level and 13 doors dock-high.
The expansion at Cold-Link Logistics Providence will add 13,500 frozen pallet positions to the existing 4,600, while loading dock capacity will increase to 17. Improved refrigeration and fire protection systems will be other additions to the facility.
The aging infrastructure in the cold storage market has disrupted supply chains, particularly in the Northeast, where outdated systems and inefficient layouts are creating unnecessary costs. Although public data specific to this area is limited, estimates suggest that nearly half of cold storage facilities in the region are at least 40 years old. As a solution, developers are also looking at expansions and retrofittings.
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