Cold Summit Development will bring nearly 460,000 square feet of cold storage space in two buildings to property owned by the Port of Wilmington. The plan is to add cold storage warehouse space on property near the port. This recently announced project adds to the area’s investments in cold chain and cold storage logistics.
The N.C. Ports Authority board approved a 30-year lease agreement with the developer for nearly 35 acres on two lots. The lease is the result of a process that started two years ago to draw interest in the Raleigh Street property for the development of cold storage opportunities, port officials said.
“This partnership represents continued investments in our strategy to become a leader in cold chain logistics,” N.C. Ports Executive Director Brian Clark told wilmingtonbiz.com. “We are particularly excited that this announcement gives more options and capacity to North Carolina’s business, including agriculture, grocery sector and life sciences.”
