Preferred Freezer Services will invest $60 million to construct a 200,000-square-foot cold storage warehouse

Governor Ralph Northam announced that Preferred Freezer Services, one of the largest public refrigerated warehousing companies in the world, will invest $60 million to construct a 200,000-square-foot cold storage warehouse in the City of Portsmouth, Virginia. The new facility will be used to import, export, process, and distribute a variety of food products, positioning the company to meet the growing demand for cold storage space. Virginia successfully competed with Georgia for the project, which will create 60 new jobs.

“Preferred Freezer Services’ new operation in the City of Portsmouth will harness the region’s valuable assets, including unparalleled access to global markets through the Port of Virginia and the world-class workforce in Hampton Roads,” said Governor Northam. “The company’s significant investment and major footprint expansion further reinforces the strength of the area’s logistics infrastructure, supply chain industry, and dedicated talent pipeline. We are proud to partner with Preferred Freezer as it nearly doubles its workforce in Virginia and grows its business in our Commonwealth.

Headquartered in Chatham, New Jersey with existing operations in the City of Chesapeake, Preferred Freezer Services is a privately held company with over 1,800 employees worldwide. The company has been in business since 1989 and operates over 300 million cubic feet of state-of-the-art, full service temperature-controlled warehouse space across the United States and Asia.