25 Apr FreezPak Logistics, BG Capital partnership set to develop 30-acre parcel outside Houston, TX
The newly created strategic partnership between Philadelphia-based BG Capital and NJ-based FreezPak Logistics announce the acquisition and planned development of their second new construction cold-storage facility located in Houston, TX as part of their effort to build a network of cold storage distribution centers across the country.
The partnership (BGFP International LLC) acquired the 30.7-acre site at 7818 Fisher Road, near the Port of Houston in the Cedar Port Industrial Park for roughly $9 million. The project is set to break ground on the 1st phase of construction in April and will include a 281,849 SF temperature-controlled warehouse for a total capital investment estimated to be around $102M that will be leased solely by FreezPak Logistics on a long-term lease agreement. The site can also accommodate a 2nd phase of construction to increase the total building size to 547,083 SF.
The two-phase construction process of the Houston facility could accommodate a total of 141 trailer parking stalls, 64 truck stalls, 3 rail bays, and 131 additional car parking. The total facility would have a 67’ clear height with 408,213 SF freezer space and 110,142 SF temperature controlled cooler dock for a total as-complete building size of 547,083 SF. The building is designed to install a fully automated ASRS Automated Storage and Retrieval System in a portion of the building and will also include blast freezing, cross docking, transportation, repacking, and overseas container plug in. FreezPak Houston will be in proximity to Route 99, Route 146, Route 225, I-10 and only 13.7-mile drive from the Port of Houston and contain direct rail access to the facilities cold dock.
This project will be FreezPak’s largest known facility to-date and one of the most technically advanced Class A cold-storage industrial facilities within the country. This project is one of several large-scale industrial buildings the newly formed joint venture has planned for 2023. Additional project locations include Philadelphia, PA and Jacksonville, FL.
BGFP International broke ground late last year on a 171,117 SF cold-storage facility in Philadelphia, PA that will be the first of its kind in the Philadelphia market and set to be delivered in Q4 of 2023. The joint venture’s third location, in Jacksonville, FL is scheduled to follow a similar construction timeline to their Houston, TX project with an estimated groundbreaking date in Q3 of 2023 and a delivery date in Q3 of 2024. This will be FreezPak’s second location in Florida and will contain a 272,400 SF temperature-controlled warehouse bringing to the market an additional 53,000 pallet positions.
About FreezPak Logistics: Established in 2001 as a family business by two young brothers first inspired by their father, FreezPak Logistics offers frozen, cooler, and dry storage combined with industry-leading third-party logistics services to ensure the availability of the nation’s food supply. Their highly personal and professional approach is dedicated to offering their customers an end-to-end solution spanning every major port-centric market in the country. For more information, please contact email@example.com or fill out the contact form on their website www.freezpak.com.
About BG Capital: Established in 2011 by partners Joseph Byrne and Daniel Govberg, BG Capital is a Philadelphia based commercial real estate investment and development firm specializing in mixed use multi-family, medical office, and industrial core assets nationwide. For more information, please visit our website at bgcap.co.