Jan 22, 2024 – RealCold, a national cold chain provider, is excited to announce the groundbreaking of its newest and most advanced cold storage warehouse facility in Auburndale, Florida. The event took place Thursday, January 18, 2024, marking a significant milestone in the company’s expansion and commitment to providing industry-leading cold storage solutions.

The ceremony was held at the site of the new facility, located at 5900 Mt. Olive Rd. The event featured key speakers from RealCold, local government officials, and stakeholders in the logistics and cold storage sector.

This state-of-the-art facility, encompassing 386,000 square feet, is designed to meet the growing demands of the food industry by offering a fully-convertible multi-room environment with temperatures ranging from -20°F to 55°F, ample parking, and dedicated space for value added services like e-commerce fulfillment. The facility will act as RealCold’s hub in the south. It will be situated on the critical I-4 corridor and is strategically located between the fast growing metropolitan areas of Orlando and Tampa, and is within 200 miles of the Port of Jacksonville.  Construction is scheduled to be completed in the first quarter of 2025.

“We are thrilled to begin the construction of our new facility in Auburndale. This location was chosen not only for its accessibility and proximity to major distribution channels but also because of the quality and availability of the labor of the local market.” said Keith Goldsmith CEO of RealCold. “Our investment in this project underscores our commitment to providing our customers with the highest standard of cold storage services while contributing positively to the local economy.”

Sean Malott, President/DEO of the Central Florida Development Council commented “We appreciate the investment of RealCold into the local community by selecting Polk County, Florida for their next facility. This strategic location will allow the company to leverage Polk’s business friendly tax climate, proximity to major markets and robust workforce talent. We look forward to their success.”

Construction was made possible through RealCold’s sponsor, Related Fund Management (“RFM”), with financing through Newmark and BGO.

For more information please contact James Chambers (james.chambers@realcold.com).

About RealCold

Established in 2022, RealCold was founded to address the unmet needs of the food cold chain sector. By combining high-growth strategic locations, state-of-the-art Class A facilities, and a diverse offering of value-added services, the company has positioned itself as a collaborative and integrated provider for food retailers, producers, and distributors. This mission is reinforced through its highly bespoke solutioning and customer-centric approach. The RealCold platform will ultimately operate a national, multi-channel network providing 1 or 2 day ground service for the majority of U.S. consumers. For more information on RealCold, please visit www.realcold.com.

About Related Fund Management

Founded in 2009, RFM has established itself over more than a decade as a real estate investment manager with approximately $12.0 billion of assets under management as of September 30, 2023. RFM invests across all portions of the real estate capital stack and in all major sectors.