Lineage, Inc., the world’s largest global temperature-controlled warehouse REIT, has announced the acquisition of three warehouses from Bellingham Cold Storage (“BCS”), adding approximately 24 million cubic feet of storage and 85,000 pallet positions to its portfolio. The acquired facilities include the Bellingham Waterfront Warehouse Center, the Orchard/I-5 Warehouse Center, and the Burlington Dry location, all situated on the west coast of Washington state.
The acquisition expands Lineage’s network in the US Pacific Northwest region, which today includes 40 strategically located facilities across Washington, Oregon and Idaho. Additionally, the acquisition adds a strategic warehousing footprint at the Port of Bellingham, a critical hub for seafood and agricultural products.
“We are pleased to welcome Bellingham Cold Storage into the Lineage family. This strategic acquisition positions us to better serve customers in the Pacific Northwest and beyond,” said Brian Beattie, President of North America West at Lineage. “Bellingham has long been a cornerstone of the seafood and agriculture industries, and these facilities will allow us to offer additional supply chain solutions for our customers.”
“Lineage has recognized BCS as one of the highest-quality cold chain providers in North America, both for the dynamic nature of our operations as well as our exceptional service. I am confident they will be fantastic stewards of the business, maintaining our excellent track record of customer service and providing a welcoming home to our team members,” said Doug Thomas, President and CEO of Bellingham Cold Storage.
“On behalf of the BCS board and leadership team, I would like to express sincere gratitude to those who have contributed to our success over the past 79 years. Looking to the future, I look forward to seeing our combined teams continue to lead the way in employee and customer satisfaction in the cold chain.”
“BCS is an important business in the community of Bellingham, and we look forward to continuing that tradition and supporting the local economy. Additionally, the Port of Bellingham is a valued and long-standing partner to BCS, and we’re committed to further building that relationship,” added Beattie. “Between the Port’s ongoing modernization project and the fantastic, dedicated BCS team members who will join the Lineage team, we have many reasons to be excited about this acquisition. Lineage is better positioned than ever to be the premier cold chain partner in the Pacific Northwest.”
