The warehouse is designed to offer several services to make the IKEA shopping experience easier, the retailer said. #NewsismyBusiness
PRISM's portfolio includes five industrial parks.
With an investment of $1.4 million and applying the “most advanced technology and infrastructure,” Puerto Rican global transportation and logistics services company, Prime Air Corp. began the construction of its second temperature-controlled warehouse in the cargo area of the Luis Muñoz Marín International Airport. The facility seeks to supply the growing demand from pharmaceutical companies […]
Puerto Rico-based e-3 Consulting — a firm dedicated to helping small and medium business owners manage their warehouses, as well as their financial services by implementing technology — unveiled Allec, an online system to help that segment keep track of those operational aspects. The system required a $300,000 investment to develop and launch, said Alberto […]
Following an investment of $250,000 in improvements, Puerto Rican global logistics services company, Prime Air Corp., inaugurated a new ambient temperature warehouse in the cargo area of the Luis Muñoz Marín International Airport to supply the needs of manufacturing, pharmaceutical and medical device, life sciences and bio sciences companies, especially now given the challenges of […]
Puerto Rican firm Isla Frio Refrigeration Corp. announced its acquisition of the former PepsiCo plant in the town of Cidra, which it will split into several areas for different services. In all, the firm invested $3 million in the property that closed down after Hurricane María pummeled the island in 2017. The property did not […]
The COVID-19 pandemic that brought most of Puerto Rico’s economic activity to a screeching halt in mid-March has created a very specific niche for industrial warehouse operators, which are providing much-needed square footage to emergency response companies. Demand for short-term leases — from three months to a year — for warehouse space to store specific […]
A joint venture formed by Taconic Capital Advisors LP and Monarch Alternative Capital LP has announced the formation of the Puerto Rico Industrial Solutions and Management platform in connection with its acquisition of a 2.2 million square-foot portfolio of industrial and logistics warehouse properties in the San Juan metropolitan area. This portfolio of warehouses is […]
Econo, a local supermarket chain founded in 1970, is investing $90 million in a new state-of-the-art Distribution and Services Center located in the northern town of Canóvanas, slated to open in 2020 in time for the company’s 50th anniversary.
Long-time third-party logistics provider César Castillo Inc. announced it will open its third warehouse in November after an investment of more than $1 million in equipment.
Panalpina Puerto Rico, the local subsidiary of Panalpina Group, cut the ribbon Thursday on its new 7,000 square-foot refrigerated warehouse facility that it is touting as the “largest in the Caribbean.” The $1 million facility is the largest in the world for the company.
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