2800 Polar Way Explained

2800 Polar Way
Address:2800 Polar Way
Richland, Washington
Coordinates:46.3357°N -119.3044°W
Status:Completed
Start Date:[1]
Completion Date:July 2015
Opening:July 24, 2015[2]
Building Type:Cold storage facility
Height:116feet[3]
Cost:$115 million
Other Dimensions:505139square feet
36340650cuft
Owner:Lexington Realty Trust
Current Tenants:Preferred Freezer Services

2800 Polar Way is a cold storage facility located in Richland, Washington, United States, where it dominates the northern landscape. It is both the largest refrigerated warehouse[4] and the largest automated freezer on Earth.[5] Holliday Fenoglio Fowler (HFF)[6] financed the build-to-suit refrigerated warehouse for tenant Preferred Freezer Services.[7] [5] The project broke ground on May 12, 2014,[8] and opened in late July 2015.

In 2016, HHF sold the property to Lexington Realty Trust,[6] an S&P 600 REIT company. In 2019, Lineage Logistics acquired Preferred Freezer, and continues to operate the facility.[9] [10]

Capacity

The warehouse has an area of 505139square feet—of which 456412square feet is refrigerated—and a volume of 36340650cuft. The facility is capable of storing about of frozen food.[11] 2800 Polar Way is the largest refrigerated building on earth by usable volume.

In 2019, the company purchased an additional lot to expand facilities by one third.[12]

External links

Notes and References

  1. Preferred Freezer Services Constructing Massive Facility: Newest facility in Richland, Washington Will Utilize Advanced Automation . 23 September 2014 . Preferred Freezer Services . May 15, 2018 . Global Cold Chain Alliance.
  2. Web site: Ed . Barmakian . July 25, 2015 . ChathamSTEM Students from New Providence Visit Preferred Freezer Services . May 15, 2018 . TAPinto New Providence.
  3. Mark . West . Kristen . Murphy . January 20, 2016 . HFF Arranges $110 Million Acquisition Financing for the Largest Refrigerated Warehouse in North America . Holliday Fenoglio Fowler . May 15, 2018 . .
  4. Web site: Surface Transportation Board Decision . May 15, 2018 . .
  5. News: Geoff . Folsom . February 23, 2015 . North America's largest freezer nearing completion in north Richland . May 15, 2018 . . Kennewick, WA .
  6. Web site: $110M Goes to Fund Warehouse Buy. Dolce. Natalie. globest.com. en-US. 2021-09-08.
  7. Web site: Mammoth Refrigerated Warehouse Lands a Cool Deal. Murray. Barbra. commercialsearch.com. 22 January 2016 . en-US. 2021-09-08.
  8. News: Drew . Foster . August 29, 2014 . Deep (and tall) freeze coming to Richland with new storage facility . May 15, 2018 . . Kennewick, WA.
  9. Web site: Cold Growth. Keenan. Tim. dbusiness.com. 25 November 2020 . en-US. 2021-09-07.
  10. News: Lineage Logistics Buys Rival Preferred Freezer Services. Phillips. Erica E.. WSJ. en-US. 2021-09-07.
  11. News: Geoff . Folsom . November 14, 2015 . The big chill: A journey through the largest freezer in North America . May 15, 2018 . Miami Herald.
  12. Web site: $35 million project in works at Preferred Freezer Services. Morrow. Jeff. tricitiesbusinessnews.com. 15 April 2019 . en-US. 2021-09-07.

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