Envision Cold received $500m from an institutional investor
Envision Cold has received $500 million from an institutional investor to capitalize a new cold storage operating and development company.
The investment allows Envision to acquire and develop more than $1.5 billion of cold storage assets. Newmark Group advised on the capital raise and formation of the company.
With the funding sourced by Newmark, Envision has closed on acquiring cold storage operations and assets in Oakland, Calif.; San Francisco; Laredo, Texas; and Vancouver, B.C. Envision plans to continue acquiring and developing a network of facilities across North America, focusing on markets that are underserved by cold storage from both a physical infrastructure and customer service perspective. Providing its users with various services, including traditional cold storage, import/export services, transportation and blast freezing, Envision has engaged a preeminent real estate development team to oversee all ground-up development projects, which will be essentia