Alaska Cargo and Cold Storage Expands Global Chain
The company signed a 55-year ground lease for the development of a massive facility at the Ted Stevens Anchorage International Airport.
Jan262021
Image courtesy of Alaska Cargo and Cold Storage
Alaska Cargo and Cold Storage is looking to expand the distribution capacity at Alaska’s largest airport with a more than 700,000-square-foot cold storage facility.
The ACCS joint venture between industrialist Chad Brownstein and McKinley Capital Management signed the 55-year ground lease with the state of Alaska for development of the facility at Ted Stevens Anchorage International Airport.
Once completed, ACCS will offer 32.5 million cubic feet of capacity in both cold and warm storage, as well as quick cargo, general warehousing and logistics services capabilities. The facility will also provide office space for its tenants. The warehouse project has earned support from the Alaska Energy Authority, which was awarded a $21 million BUILD grant from the U.S. Department of Transportation in September 2020 to support the ACCS development.