Groundbreaking has started on Houston ColdPort, a 315,101-square-foot speculative cold storage warehouse in Houston, Texas. Houston ColdPort will feature a 50-foot clear height warehouse, a 60-foot-deep cold dock, 38 dock positions with vertical storing hydraulic dock leveler equipment, LED lighting throughout, a Tyco Quell dry fire sprinkler system, a 200-foot-deep truck court with 57 trailer parking spaces and ample automobile parking. Houston ColdPort can accommodate a single tenant or can be demised for a two-tenant layout.
Houston ColdPort will be capable of accommodating a variety of cold storage uses, including freezer and/or cooler cold storage, food processing/manufacturing, and food distribution. Site work is expected to take approximately two months, after which building construction will commence. The facility is expected to open in Q2 of 2022.
Houston ColdPort will be located at 7500 Uvalde Road, and is being constructed on a 22.48-acre site at the Northwest corner of Beltway 8 and US-90. The site is strategically located in the heavy-haul corridor of Port Houston and provides unparalleled access to the Barbours Cut and Bayport terminals and major U.S. east-west and north-south thoroughfares – Beltway 8, US-90, Interstate 10 and Interstate 69.
Houston ColdPort is a joint venture between Boomerang Interests and CenterSquare Investment. ARCO Design/Build is overseeing construction.
About Boomerang Interests
Boomerang Interests is a Houston-based real estate development firm specializing in cold storage industrial development. Boomerang pursues speculative development, build-to-suit development, joint venture opportunities (partnering with manufacturers, wholesalers, retailers or 3PLs) or a hybrid of the foregoing to deliver cold storage solutions to underserved markets. Boomerang’s target customer segments include 3PLs, food wholesalers, food retailers, food manufacturers and other industries such as pharmaceutical and floral that utilize cold storage.
About CenterSquare Investment Management
CenterSquare is a global investment manager focused on actively managed real asset strategies. Headquartered outside Philadelphia with affiliate offices in New York, Los Angeles, London and Singapore, CenterSquare’s management team holds an average of 80 years of experience, with expertise across real estate and the liquidity spectrum. As of March 31, 2021, CenterSquare managed approximately $13 billion of assets on behalf of some of the world’s most well-known institutional and private investors.
About ARCO Design/Build
ARCO Design/Build is a national design-build firm widely recognized as an industry leader for various industrial project types, including cold storage, warehouse, light industrial distribution and manufacturing. ARCO’s turnkey approach allows customers to have a direct relationship with one company, ensuring a single point of contact that will allow for clear lines of communication resulting in savings of time and cost. Capabilities include project feasibility studies, site selection, complete design, logistical design, budgeting, up-front competitive lump sum pricing, value engineering, code consulting and full general contracting.