Americold Realty Trust Expands Russellville, Arkansas, Cold Storage-Distribution Facility
06/29/2021
Construction started on a new 131,000-square-foot state-of-the-art cold storage and distribution facility at its existing Russellville site, which currently employs more than 70 full-time employees. The company plans to complete the facility by the end of 2022.
“We are excited to expand our presence in the state of Arkansas,” said Fred Boehler, President and CEO of Americold. “The Russellville facility will be highly automated to provide mission critical, long term infrastructure for one of our top tier strategic customers and one of North America's leading branded food companies.”
Americold has entered a payment in lieu of taxes (PILOT) agreement as an incentive with the city of Russellville to abate up to 65 percent of property taxes for 20 years. The company also qualified for the AEDC Advantage Arkansas Program, which provides state income tax credit for job creation based on the number of new employees hired as a result of the project, and the AEDC Tax Back Program, which provides sales tax refunds on building materials, taxable machinery, and equipment associated with the project.
“It is always a great day when one of our companies decides to continue investing in our communities and our economy, especially when that company is as familiar with Arkansas as Americold is,” Secretary of Commerce and Executive Director of the Arkansas Economic Development Commission (AEDC) Mike Preston said.
The new facility will feature high-bay automation to maximize footprint efficiency and lower energy costs. With this expansion, Americold will add 13 million cubic feet to the facility, creating approximately 42,000 pallet positions for product storage. This facility will be built to suit the operational needs of one of Americold’s top-tier clients, Conagra Brands.
Project Announcements
AESC Expands Florence, South Carolina, Operations
03/28/2024
Alticor Expands Ada Township, Michigan, Operations
03/27/2024
Eastman Plans Longview, Texas, Production Operations
03/27/2024
DHL Supply Chain-Vantage Data Centers NV11 Plan Nevada Operations
03/26/2024
Big Jet Expands Pittsburgh, Pennsylvania, Operations
03/26/2024
Landmark Ceramics UST Expands Mt. Pleasant, Tennessee, Operations
03/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Logistics Analysis That Drives Industrial Site Selection
Q4 2023
-
Manufacturing Momentum Is Building
Q1 2024
-
Technology’s Influence on Workforce Development
Workforce Q4 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Industry in the Era of the Electron
Q1 2024