{"id":1004665748,"date":"2023-05-31T03:49:35","date_gmt":"2023-05-31T11:49:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004665748"},"modified":"2023-05-31T03:49:37","modified_gmt":"2023-05-31T11:49:37","slug":"vertical-cold-storage-buys-indianapolis-firm","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/vertical-cold-storage-buys-indianapolis-firm\/","title":{"rendered":"Vertical Cold Storage Buys Indianapolis Firm"},"content":{"rendered":"
\"1414<\/a>

1414 SW St. Image courtesy of CommercialEdge<\/em><\/p><\/div>\n

Vertical Cold Storage <\/strong>has acquired MWCold<\/strong>, a company which operates some 545,000 square feet in the Indianapolis area. The acquisition was sponsored by Platform Ventures<\/strong>.<\/p>\n

The largest of the two assets is a two-story, 390,000-square-foot cold storage facility owned by MWCold, built in 1956 on a 13.3-acre site, according to CommercialEdge data. The multi-modal property features 33,000 pallet positions and 46 dock doors, along with blast freezing, export services and quick thaw capabilities. It is also dual rail-serviced by CSX and Norfolk Southern. Located at 1414 SW St., it is close to Interstate 70 and some 2 miles from downtown Indianapolis, as well as roughly 12 miles from Indianapolis International Airport.<\/p>\n

The other building, owned by Lineage Logistics and leased by MWCold, spans 159,000 square feet and can handle multiple temperature zones, down to -20\u00b0F. It encompasses 19,600 pallet positions and 15 dock doors. It is located at 725 Pioneer Trace, in Pendleton, Ind., a small town in Indianapolis\u2019 northeast. The property is near Interstate 69, about 31 miles from Indianapolis.<\/p>\n

The locations of the two facilities enable two day or less service to 75 percent of U.S. and Canadian populations, according to Vertical Cold Storage.<\/p>\n

Steady industrial fundamentals in the Midwest<\/h2>\n

Despite economic headwinds, the industrial market has retained its strong fundamentals, though it has shown signs of slowing down. Transaction activity in the first quarter of 2023 totaled $7.7 billion nationally, considerably lower than the $20.5 billion figure registered in the same period in 2022, a recent CommercialEdge report<\/a> shows.<\/p>\n

Metro Indianapolis reached a transaction volume of $151 million from January through March, at $152.6 per square foot.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquired company operates 545,000 square feet in two buildings.<\/p>\n","protected":false},"author":3120,"featured_media":1004665750,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1590,21748,37756,13,21742],"tags":[50221],"class_list":["post-1004665748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indianapolis","category-industrial","category-rc-investment","category-midwest","category-latest","tag-lineage-logistics"],"acf":[],"yoast_head":"\nVertical Cold Storage Buys Indianapolis Firm - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Vertical Cold Storage has acquired MWCold, a company operating a 545,000-square-foot portfolio in the Indianapolis area.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/vertical-cold-storage-buys-indianapolis-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vertical Cold Storage Buys Indianapolis Firm\" \/>\n<meta property=\"og:description\" content=\"Vertical Cold Storage has acquired MWCold, a company operating a 545,000-square-foot portfolio in the Indianapolis area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/vertical-cold-storage-buys-indianapolis-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-31T11:49:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-31T11:49:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/1414-South-West-Street-e1685522721760.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Radu Corfus\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vertical-cold-storage-buys-indianapolis-firm\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/vertical-cold-storage-buys-indianapolis-firm\/\",\"name\":\"Vertical Cold Storage Buys Indianapolis Firm - 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