Cold-Link Logistics Secures $33.9M Loan For Industrial Expansion In North Kingstown, RI

The property asset is located at 1 All American Way in North Kingstown, RI, and is classified as an industrial asset with a total square footage of 65,000. Cold-Link Logistics is the landlord of the facility. The financing arrangement amounted to $33,900,000 for the expansion and renovation of the Providence facility, including the addition of a freezer which aims to significantly increase pallet capacity.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $33,900,000
• Asset Size: 65,000 SF
• Address: 1 All American Way
• Market: North Kingstown, RI
• Landlord: Cold-Link Logistics
• Brokers: Melissa Rose, Amy Lousararian, Hugh Doherty & Mitchell Sampson - JLL

JLL Capital Markets played a pivotal role in this transaction by arranging the financing for Cold-Link Logistics, which aims to enhance its operational efficiency through the expansion of its facility. This development is set to triple the pallet capacity to 18,000, showcasing a significant growth strategy by the landlord.