Cold Storage Daily - November 12 - JLL sells cold storage facility in Chicagoland for $12.65M

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NEWS ROUNDUP

DISPOSITION: JLL sells cold storage facility in Chicagoland for $12.65M. JLL has facilitated the sale of 601 Wall Street in Glendale Heights, Illinois. The property features a 67,000 cold storage facility that is currently 100% leased to KeHE Distributors. The buyer was Venture One Real Estate. John Huguenard and Trent Agnew with JLL represented the seller, LBA Logistics, in the transaction.

DISPOSITION: Rich Young Co. sells cold storage facility in Dallas. Rich Young Co. has facilitated the sale of 1811 South Harwood Street in Dallas, Texas. The property features a 20,800 SF cold storage warehouse with office space. Brad Werner and Trevor Hunt with Rich Young Co. facilitated the off-market transaction.

GRAND OPENING: FORUM CRE opens cold storage facility in Laredo, TX. FORUM Commercial Real Estate has celebrated the grand opening of 10228 Crossroads Loop in Laredo, Texas. The property features 61,218 SF of temperature-controlled space and is managed by Merlin Management Co. on behalf of the landlord, Northwind Development Ltd. FORUM CRE also completed the lease of the facility to Kotick Cold JV LLC. Carlo Molano Longoria led the FORUM deal team.

DEVELOPMENT: Lineage adds $150M expansion to facility in Hobart, IN. Linage has added 188,000 SF with roughly 58,000 pallet positions to its cold storage facility at 2201 Northwind Parkway in Hobart, Indiana. With the expansion, the facility will be one of the largest in the US, with more than 100,000 pallet positions and 76 dock doors. The Lineage development team included Jim Thompson and Greg Bryan.

DEVELOPMENT: Publix plans $180M of Jacksonville, FL cold storage projects. Publix Super Markets Inc. has submitted plans for 2 additions totaling 41,205 SF at its distribution center located at 9800 West Beaver Street in Jacksonville, Florida. According to the plans, the project will cost $35M. With the additions, the location will feature a 443,534 SF freezer warehouse. In addition, Publix is also building a 370,000 SF freezer facility on 42.4 acres at 10132 General Avenue in Jacksonville at a projected cost of $145M.

READ: The cold storage market is still going strong in the Dallas-Fort Worth metroplex.

COLD STORAGE PROPERTIES FOR SALE

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Available as Campus or Separately | 4815 Executive: 702,505 SF with 83,222 SF Freezer, 19,287 SF Cooler, 19,636 SF Refrigerated Dock, 21’-36’ Clear Heights, 63 Dock Doors, and 1 Drive-in Door | 5020 Investment: 47,180 SF with 28’ Clear Height, (15) 19’x10’ Dock Doors, and 1 Drive-in Door | 5025 Executive: 125,485 SF with 63,855 SF Cooler, 27,357 SF Refrigerated Dock, 36’ Clear Height, (33) 7’x9’ Dock Doors, and 1 Drive-in Door | Immediate Access to the I-69/US-27 Interchange

332,750 SF | 107,070 SF Freezer/Cooler Space and 225,680 SF Dry Warehouse/Front Office | 30’9” Clear Height | 62 Dock Doors | Immediate Access to Hwy 127 | ESFR Sprinkler System Throughout

32,842 SF | 3.33 AC | 15,000 SF Split Into 8 Coolers | 3,950 SF of Office Buildiout | Significant Dry Storage Warehouse Capabilities | 24’ Clear Height | 6 Grade-Level Roll-up Doors | 4 Dock-High Loading Doors

COLD STORAGE PROPERTIES FOR LEASE

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Available for Sublease | Building A: 812,185 SF with 40’ Clear Height, 19,200 SF Dedicated Grain Room, (4) 14’x16’ Drive-in Doors, 68 Fully Equipped Loading Doors, and 58 Dock Doors | Building B: 514,765 SF with 40’ Clear Height, 64’ Speed Bay, 51 Fully Equipped Dock Doors, 57 Dock Doors, 4 Drive-in Doors, and 446,447 SF Cold Storage Area | Easy Access to Route 22, I-78, and I-476 via Route 309

Multi-Building Property Totaling 240,033 SF | 14 AC | 25’ Clear Height | 1,500 SF of Office Space | 12 Docks and 3 Grade-Level Doors | 25 Parking Spaces | Zoned for Industrial Use | Close to FL-44 and US-27

Available for Sublease | 613,174 SF | 4 Ground-Level Loading Ramps | 116 Dock-High Loading Doors - 45 with Mechanical Pit Load Levelers with Seals, Lights, and Shelters | 30’ Minimum Clearance Height | 8,000 SF Primary Office with Protective Guardrails | I-215 Freeway Frontage

ONE MORE THING

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