Monday, June 14, 2021

New Jersey Cold-Storage Firm Expands Into Philadelphia

 By Linda Moss CoStar News

A growing New Jersey-based cold-storage company is expanding into Philadelphia and also plans to open another facility in the northern part of the Garden State.

FreezPak Logistics, a third-party food-logistics firm headquartered in Carteret, New Jersey, later this month is slated to debut a location at 1801 N. 5th St. in Philadelphia, its first foray into that market. The facility will be located in a property with more than 103,000 square feet that features all temperature zones — dry, cooler and frozen. The site will also have 15 loading docks, 26 trailer positions and parking for 80-plus cars.

With the rise in online grocery shopping, which got a big boost during the pandemic, the national and global demand for cold-storage warehouses has increased dramatically. FreezPak, a family-owned business that celebrates its 20th anniversary in August, has been expanding its network of distribution facilities, with four now in New Jersey and a fifth one under development.

Last November, Fidelco Realty Group and Elberon Development Group said they were constructing a 140,000-square-foot, build-to-suit facility for FreezPak at a vacant site at 1029 Newark Ave. on the border of Newark and Elizabeth, New Jersey.

In addition to Carteret, FreezPak's other Garden State facilities are in Clifton, Paterson and Wayne.

Company officials said there has been a call for them to debut distribution sites in new areas.

"Every day we are being pushed by our clients to open facilities in every major market," Dave Saoud, FreezPak's co-CEO, said in a statement.

FreezPak is designing an automated operation in Philadelphia, according to co-CEO Michael Saoud.

The company also said it will soon announce a sixth location in North Jersey to help "meet the continually growing demand for cold storage space."

The Philadelphia facility will offer cross-docking, transportation and repacking, all within 6 miles of the Packer Avenue Marine Terminal.

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