PHT Growth Fund
A diversified portfolio of transformational post-harvest cold chain investments supporting the movement of fresh produce from field to table
PHT Investment Group launched PHT Growth Fund to invest equity or equity-related funds into a diversified portfolio of real assets in temperature-controlled food supply chains.
The Fund is structured as a Limited Partnership, and comprises pre-cooling, cold storage, food processing, distribution and related services and activities that maintain a given temperature range for fresh produce and other perishable food items.
The Sponsor intends to complement each projects’ energy needs with off-grid renewable power production (primarily through solar PV, cogeneration & backup battery storage).
Our Projects
Our projects are located in the two largest markets for fresh produce in the country: Salinas Valley, California and Yuma, Arizona.
Portfolio Strategy
Acquire, Design, Build & Lease
As leaders in the acquisition, development, operation and management of Pre-Cooling, Cold Storage and Processing facilities, PHT will compile the largest portfolio of first-mile cold chain infrastructure assets in the nation.
Through our PHT Growth Fund, PHT will acquire and develop the following projects:
Acquisition and Redevelopment of our flagship 28-Acre Pre-Cooling, Cold Storage, and Processing campus located in Salinas, CA into the first ever regional Consolidation Center & Cross-Dock facility serving California Grower-Shippers and Foodservice companies
Acquisition and Development of 73 Acres located within the Heavenly Valley Ranch Developn1ent in Gonzales, CA. The site will be developed into a Pre-Cooling, Cold Storage, and Processing campus with long-haul truck staging parking
Acquisition and Development of 10 Acres in Yuma, AZ into a Pre-Cooling, Cold Storage, and Processing Facility
Acquisition, Leasing and Financing of specialized Pre-Cooling Equipn1ent required to support our development projects as well as other GrowerShippers & commercial cooling operations across the country
Along with these projects, we will seek to acquire and develop other projects in our pipeline, including:
Acquisition and Development of 150 Acres (Parcels A, B, and D) located within the Salinas Ag-Industrial Center in Salinas, CA. An initial 55 acres will be developed on Parcels A and B into Pre-Cooling, Cold Storage and Processing facilities, with the remaining land to be built out over the next 5 years
Acquisition and Expansion of an existing Pre-Cooling, Cold Storage and Processing Facility for a Major Grower-Shipper in Gonzales, CA
portfolio project #1
28-Acre GIC Salinas Campus Redevelopment
The Redevelopment of our iconic 28-Acre Commercial Pre-Cooling, Cold Storage & Processing Campus
PHT will acquire and redevelop our 28-Acre Pre-Cooling and Cold Storage campus into a state-of-the-art, 431,500 SF Consolidation, Distribution, and Cross-Dock facility in Salinas, CA, designed to support the movement of fresh produce across the Salinas Valley and Central California. As the anchor project in the PHT Growth Fund, our 28-Acre campus is shovel ready and will be the first property developed.
Our new state-of-the-art facility will employ renewable energy, automation, and enhanced truck flow to maximize throughput and minimize costs.
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
portfolio project #2
73-Acre Heavenly Valley Ranch Development
The Development of a 36-Acre Commercial Pre-Cooling, Cold Storage & Processing Facility with 10 acres for Long-Haul Truck Staging and POV Parking
PHT will acquire a 73-Acre parcel located within the Heavenly Valley Ranch development in Gonzales, CA. An initial 36 Acres will be developed into state-of-the-art Pre-Cooling, Cold Storage, and Processing facilities with an additional 10 Acres for long-haul truck staging and POV parking. The remaining Acres will be used for future development.
Existing 73-Acre Heavenly Valley Ranch
Our objective upon completion is to build 647,750 SF of cold storage space across 4 separate pre-engineered metal buildings on an initial 37 ± acres, with 81,720 SF designated for processing/value-added space. The facility will include 127,500 SF of 3-story shipping/receiving offices, 35,800 SF of 2-story engine rooms, an electrical facility/microgrid powered by solar PV and cogeneration with backup battery storage. The facility will also include 80 long-haul truck dock doors and 10 ± acres for parking complex for long-haul truck staging and POV parking. The remaining 26.61 ± acres will be used for future development.
The new state-of-the-art facilities will utilize renewable energy, automation, material handling and racking systems, and redesigned truck flow to extend produce shelf life, reduce operating costs, prioritize food safety, and maximize throughput.
We are designing for throughput volume of 180M units per annum.
73-Acre Heavenly Valley Ranch Site Plan
portfolio project #3
10-Acre Yuma Cooler Development
Yuma, Arizona
The Development of a 20-Acre Commercial Pre-Cooling and Cold Storage Facility
PHT will develop a 10-acre parcel located in Yuma, Arizona into a 60,000 SF pre-cooling and cold storage facility. PHT currently owns the land and will use $28M in equity to develop a state-of-the-art cooler in Yuma, AZ – the Winter Salad Bowl of the World.
portfolio project #4
Pre-Cooling Equipment Leasing and Financing
PHT will acquire, lease and finance a diversified portfolio of industrial Pre-Cooling equipment and specialized machinery required for the post-harvest handling of fresh produce. These assets serve as critical infrastructure for stakeholders throughout the first mile of the fresh produce supply chain, and are key to extending shelf life and maximizing product quality.
This critical step extends the shelf life of fresh produce, expands the markets, and significantly reduces food waste and spoilage
PHT will enter into long-term leases for Pre-Cooling Equipment sales, leasing and financing. Revenue will be based on lease income and maintenance service agreements