Lineage Acquisition of Bellingham Cold Storage Portfolio

United States

Deal value: $98,000,000

Lineage acquired three cold storage warehouses from Bellingham Cold Storage in Washington, totaling 24 million cubic feet and 85,000 pallet positions, strengthening its Pacific Northwest network and port access.

The core motivation is to strengthen Lineage's strategic presence in the Pacific Northwest, a critical region for seafood and agricultural supply chains. The acquisition secures key port access at Bellingham, enhancing Lineage’s ability to serve import/export flows and regional producers. The timing reflects rising demand for resilient, integrated cold chain infrastructure amid supply chain disruptions and evolving food logistics requirements. The fundamental belief is that scale, network density, and port proximity are decisive advantages in the temperature-controlled logistics sector.