Envision Cold, a new cold storage company, has entered the scene with $1.5 billion in buying and development power. It has already acquired assets in Oakland, San Francisco, Laredo, Texas, and Vancouver, BC.
Newmark advised on the capital raise and formation of the company, led by Newmark Co-Presidents of Debt & Structured Finance, Jordan Roeschlaub, and Dustin Stolly. Newmark secured $500 million for its capitalization.
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.
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