Almost every cold foods facility reaches a crossroads where a decision must be made to either move into a larger, new-build structure capable of handling a company’s business growth, or take the renovations route to update and expand an existing building.
New England Cold Storage (NECS) has secured debt financing with Rockland Trust Company for its first cold storage warehouse facility. The $22.9 million loan will go towards their new 120,252-square-foot public refrigerated warehouse that will provide cold storage and logistics services to food producers, processors, wholesalers, and importers.
Denver’s first cold storage speculative development is currently under construction. 76 Freeze, a 247,032-square-foot state-of-the-art, multi-temperature facility, is scheduled for completion in October 2021. Located at 189 Bromley Business Parkway in Brighton, Colorado, the brand-new facility situated on 17 acres is strategically positioned to service Colorado’s Front Range and Rocky Mountain regions. Approximately 166,000 square feet of space in the multi-user facility has been preleased to a single tenant.
Tippmann Innovation (Ti) is working with long-term partners Sierra Supply Chain Services and Penta Properties to build a state-of-the-art cold storage facility in Hamilton, Ontario. This building was developed with a focus on energy efficiency, advanced warehouse management, and value-add services to refrigerated food providers.
About a month ago, we received an inquiry from a government contractor asking if our company, Yukon Ventures, would be interested in a top-secret cold storage opportunity. We read between the lines and understood that the contractor was talking about the rollout of the new COVID-19 vaccine, a subject dominating headlines everywhere.
Cold Summit Development has launched its first project in Dallas, a 343,000-square-foot multi-tenant cold storage facility (“Cold Summit Dallas”). The $60 million project is located at 2800 Cedardale Road on a 29-acre site within the South Dallas industrial submarket.
Construction of a new north Houston freezer storage facility, Texas Frio Cold Storage, is underway. Designed and built by Houston-based KDW, the new facility will provide 43,742 square feet of cold storage space for whole and packaged beef, pork and poultry products and 19,086 square feet of office space. The project has been master planned to double the facility’s cold storage space for future needs.