Bain Capital, Barber Partners Announce $500M Partnership to Develop 15 Warehouses Under Chill Storage Brand
Barber Partners LLC, a commercial real estate developer, and Bain Capital’s Special Situations strategy announced the formation of a national programmatic joint venture targeting the development of approximately 15 Class-A, state-of-the-art cold storage warehouse projects under the Chill Storage brand. The joint venture launches with the objective of deploying $500 million of asset value over the next several years.
The first project is a Class-A speculative freezer/cooler facility located in the Dallas-Fort Worth Metroplex area. Situated on approximately 34 acres, this building will be 302,400 square feet and feature 50-foot clear height ceilings, allowing for the latest in racking technology and systems. Construction will commence in early summer and the joint venture is poised to add several additional sites across the country in the coming months.