Zero Mountain Inc. of Fort Smith bought approximately 32 acres of land adjacent to its North Little Rock warehouse for $452,000 in early April, and CEO Joseph Rumsey said the purchase was for possible future expansion.
Zero Mountain provides cold and dry warehousing for clients such as OK Foods, American Vegetable, Cargill and Butterball. Founded in 1955, it has facilities in Russellville, Lowell and Johnson.
It moved into central Arkansas when it bought a 87,500-SF warehouse complex for $2.4 million in late 2016.
The land it just added is to the north and east side of the complex at 1400 Gregory St. Rumsey said about half of the acquired property is designated wetland so it can’t be built on. “We got the land to have the land,” Rumsey said. “We don’t have any plans right now.”
Rumsey said the company is currently remodeling the warehouse complex it acquired last year. The complex is about 25 percent full, and Rumsey said the goal is to reach capacity soon.
“These are expensive buildings to operate and run,” Rumsey said.
Rumsey said he is confident that the North Little Rock facility will eventually fill up and the food industry should continue to be strong.