Lineage, owned by Bay Grove, LLC, is the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider.
Lineage's backbone and core strength is their network of sophisticated, strategically located cold storage facilities.
Lineage was founded in 2012 by Bay Grove Capital, LLC, through the consolidation of acquired warehousing and logistics companies. The company is headquartered in Novi, Michigan, with offices in San Francisco, Irvine, California and other parts of the world.
Lineage has a global network of over 400 strategically located facilities totaling over 2 billion cubic feet of capacity, which spans 20 countries across North America, Europe, and Asia-Pacific.
Lineage's expertise in end-to-end logistical solutions, its unrivaled real estate network, and its use of technology combine to promote food safety, increase distribution efficiency, advance sustainability, lessen environmental impact, and minimize supply chain waste.
Lineage helps customers ranging from Fortune 500 companies to small family-owned businesses increase the efficiency and protect the integrity of their temperature-controlled supply chain. Lineage completed 38 acquisitions and counting.
Lineage is backed by Oxford Properties Group, BentallGreenOak, D1 Capital Partners, Bay Grove, Cohen & Steers, OPTrust, CenterSquare Investment Management, Rabobank, StepStone, HOOPP, NYSTRS, and others. The company raised $700M in a new equity round on Dec 20, 2022. This brings Lineage's total funding to $9.4B to date. Lineage was reported to be valued the company at $18B from a financing raised in Mar 2021.