Company to invest $60M for cold storage warehouse in Portsmouth

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PORTSMOUTH, Va. (WAVY) — Gov. Ralph Northam has announced that Preferred Freezer Services is investing $60 million to build a 200,000-square-foot warehouse in the city of Portsmouth. 

Northam joined Mayor John Rowe to make the announcement Friday morning at the former BASF site on Thursday. The governor said the project will bring 60 new jobs to the city.

“The site’s access to the Port is unmatched, and our business-friendly environment will support the company’s timeline to get up and running,” Rowe said in a statement Friday. “This is a wonderful example of how the Commonwealth, our City and regional teams can work together to create jobs and to expand our economy.”

This announcement came hours ahead of Rowe’s 2019 State of the City address.

The new cold storage warehouse will be used to import, export process and distribute a variety of food products, according to a press release from Northam’s office following the announcement.  

Preferred Freezer Services already has a location in Chesapeake. They were considering building this facility in Georgia, but decided on Portsmouth, Northam’s office said in a news release. 

The company is based in New Jersey and has over 1,800 employees worldwide. 

Northam approved a $180,000 grant from the Commonwealth’s Opportunity Fund to help secure the project for the city. 

10 On Your Side’s Stephanie Harris will have the latest, starting on WAVY News 10 at 4 p.m. 

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