Largest East Coast Retail Grocery Group Taps Americold For New Frozen Facilities Temperature-controlled warehouse owner and operator Americold Realty Trust (NYSE: COLD ) has been chosen to build two new facilities. The largest retail grocery group on the East Coast with brands like Food Lion, Giant Food and Hannaford, Koninklijke Ahold Delhaize N.V. (OTC: ADRNY ), will partner with Americold to build two new fully automated frozen warehouses in Plainville, Connecticut and Lancaster, Pennsylvania. The two facilities will expand Ahold Delhaize USA's cold-storage capabilities by 500,000 square feet, create 59,000 new pallet positions and serve more than 750 stores in the Northeast and Mid-Atlantic. The $325 million two-facility project will commence in the second quarter of 2020 with plans to be fully operational by the second half of 2023. Americold expects the facilities to yield net operating income (NOI) and return on invested capital (ROIC) of 10% to 12%. Illustration of … Full story available on Benzinga.com