BGO Cold Chain Expands US Portfolio with Acquisition of Medley Cold Logistics in Miami

BGO Cold Chain, the cold storage division of global real estate investment manager BGO, has acquired Medley Cold Logistics, a 178,000 sq. ft. cold storage warehouse in Miami, Florida.

The property is fully leased to Quirch Foods, an international food distribution company. The acquisition was made on behalf of BGO’s Core Plus strategy.

This acquisition adds to BGO Cold Chain’s growing cold storage portfolio in Florida. It follows the joint acquisition of Miami-based SkyChefs Cold Storage with Iconic Equities in 2023. BGO is also involved in three ongoing cold storage development projects in Tampa and Jacksonville.

Jonathan Epstein, Managing Partner and Global Head of BGO Cold Chain, said, “Medley Cold Logistics adds to a growing portfolio of over 70 cold storage assets globally and highlights our continued conviction in this asset class.” He emphasized the company’s commitment to providing long-term solutions for its tenants.

The Medley Cold Logistics facility is strategically located near Miami International Airport and the Port of Miami. It offers easy access to Florida’s Turnpike and US-27. The property also has significant potential for expansion, with BGO’s experienced development team ready to meet the future growth needs of the tenant.

The seller was advised by the JLL Investment Sales and Advisory team, led by Managing Director Luis Castillo, Senior Director Cody Brais, and Associate Taylor Osborne.