Fund I – First-Mile Cold Storage Logistics Facilities Designed to Support the Fresh Produce Industry

Fund I is a diversified fund with the purpose of acquiring and developing industrial Pre-Cooling, Cold Storage, and Processing facilities in California and Arizona.

Investment Strategy

As leaders in the acquisition, development and operation of First-Mile Cold Storage Logistics facilities, PHT has developed Fund I to acquire, develop and lease a portfolio of temperature-controlled facilities for the fresh produce industry.

We look for opportunities to disrupt, improve, and drive efficiency along the fresh produce supply chain. Our team identifies projects with high barriers to entry, weak or non-existent competition, and opportunities to leverage technology in stagnant markets and processes.

Pending Legislation HR 970 Opportunity Zones by PHT Opportunity Fund

Our Projects

The first project in Fund I will be our flagship 28-Acre GIC Salinas Campus Redevelopment.

28-Acre GIC Salinas Campus Redevelopment

The Redevelopment of our iconic 28-Acre Commercial Pre-Cooling, Cold Storage & Processing Campus

PHT will acquire, redevelop, operate, and lease a 28-Acre Consolidation Center and Cross-Dock facility located in Salinas, California.

Our new state-of-the-art facility will employ renewable energy, automation, and enhanced truck flow to maximize throughput and minimize costs.

There are currently four coolers across 5 separate legal parcels, in addition to office and auxiliary space.
Floor Areas on each legal parcel are broken out below, for a total of 346,389 sq ft of existing structures:
  • Parcel A: 52,982 sq. ft.
  • Parcel B: 106,023 sq. ft.
  • Parcel C: 95,986 sq. ft.
  • Parcel D: 81,844 sq. ft.
  • Remainder: 9,554 sq. ft.

Existing Conditions

Opening for the 2026 Season

Our new facility will be the first dedicated fresh produce consolidation and shipping location in the Salinas Valley and will serve as a central distribution hub for companies sourcing produce and other perishable food from the region. By allowing for the consolidation of goods in one central location, we aim to significantly reduce transportation costs, carbon emissions, and truck traffic, while leveraging renewable energy, automation & robotics, and streamlined truck flow to increase throughput and maximize shelf life.


Existing Conditions

New Facility


Site Plan & Building Specifications

431,500 SF Regional Consolidation Center and Cross-Dock Facility

Project Details

  • Located in Salinas, CA right off Highway 101
  • 431,500 SF temperature-controlled building including a 22,500 SF Office, 6,000 SF engine room, and a 2,000 SF shipping office area
  • 428,011 SF of solar PV-lined shade bay
  • 59 shipping docks and 30 receiving docks
  • 288 POV spots with 60 long-haul truck parking stalls
  • Microgrid system with solar, cogeneration, and backup battery storage
  • 2-story support structure to house a 2,000 SF forklift storage, 2,000 SF maintenance, 1,000 SF observation and control center, and a 3,000 SF employee breakroom
Through Fund 1, PHT will also acquire and develop the following projects:

Acquisition and Development of a 73-Acre Pre-Cooling, Cold Storage, and Processing Facility located within the Heavenly Valley Ranch Development in Gonzales, CA


Acquisition and Development of 20 Acres in Yuma, AZ into a Pre-Cooling, Cold Storage, and Processing Facility


Acquisition, Leasing and Financing of Specialized Pre-Cooling equipment