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Cold Storage Growth Spurs Largest CMBS Deal of the Year

Loan of $2.35 Billion Backs Lineage Logistics' Acquisition of Preferred Freezer Services
Lineage Logistics' deal for Preferred Freezer Services has prompted a new commercial mortgage-backed securities offering. Photo: Preferred Freezer Services
Lineage Logistics' deal for Preferred Freezer Services has prompted a new commercial mortgage-backed securities offering. Photo: Preferred Freezer Services

Lineage Logistics' deal this year to buy Preferred Freezer Services, combining the second- and third-largest U.S. operators of temperature-controlled warehouses, will spawn the largest commercial mortgage-backed securities offering of the year so far.

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