On October 1, 2002, Atlas Cold Storage Income Trust acquired two public refrigerated warehouse facilities located in Minnesota from FACS Zumbrota LLC and FACS of New Ulm LLC, for an aggregate purchase price of $22 million.
Atlas was represented by Aird & Berlis LLP, with a team led by Edmund Smith and including Martin Kovnats, Barbara Worndl, Andy Ayotte and Boris Muchalov. In the U.S., Atlas was represented by Felhaber, Larson, Fenlon & Vogt, P.A. in Minneapolis, with a team comprised of David Cremons and Mark Radke. Daniel Berndt of Dunlap & Seeger P.A., in Minneapolis represented the sellers in the U.S.