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Date Posted: 15:10:41 4/23/23 Sun
Author: Jasper
Subject: $102M cold storage warehouse planned for Houston area

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New Jersey-based cold storage operator FreezPak Logistics and BG Capital are partnering to build a 281,849-square-foot temperature-controlled warehouse in Baytown, Texas.

The partnership, known as BGFP International LLC, acquired a 30.7-acre site in Cedar Port Industrial Park, about 27 miles southeast of downtown Houston.

The facility in Houston is the first project from the partnership, which was formed in August with the aim of building $1 billion worth of cold storage facilities in port-centric markets across the United States.

BGFP International will begin construction on the first phase of the Baytown facility by the end of April. It is scheduled to be completed by the end of 2024, with development costing $102 million, according to a news release.

FreezPak Logistics will lease the cold storage facility from BGFP. The facility will include a range of temperature-controlled spaces to accommodate operations such as storage, processing, packaging and distribution.

https://www.freightwaves.com/news/borderlands-102m-cold-storage-warehouse-planned-for-houston-area

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