Walmart Clinches 507,000 SQFT Riverside Cold Storage Hub for $223MM, Locking In Critical Inland Empire Grocery Node

The retail giant converts a 16-year lease into ownership at 1001 Columbia Avenue, doubling down on temperature-controlled distribution as cold storage supply tightens across Southern California. Walmart has converted one of its longest-running West Coast leases into a balance-sheet asset, with subsidiary Walmart Realty paying $223 million to acquire the 507,000-square-foot cold storage facility at […]