Houston ColdPort Fills Cold Storage Void

Upon completion of its development plan, Houston ColdPort will operate as a cold storage facility serving Houston and the U.S. Sunbelt region. The project is expected to not only address growing demand, but also limited supply of cold storage capacity and a lack of modern inventory in Houston.

CenterSquare served as an equity investor in the 315,101-square-foot speculative cold storage warehouse in Houston. The firm partnered with Boomerang Interests to develop the property which is expected to deliver in second quarter 2022.

“The pandemic highlighted and accelerated the growing demand for online ordering of refrigerated and frozen foods,” said Jeff Reder, managing director of CenterSquare Investment Management. “The improved efficiencies of modern cold storage facilities are desired by a variety of users servicing the food and beverage industries and beyond. Houston is a top target market for cold storage users, given its large and growing population, central location, business-friendly environment and being home to one of the largest ports in the world.”

ARCO Design/Build is designing and constructing Houston ColdPort. The property will feature up to 50-foot clear heights, 38 fully automated dock positions, a 200-foot truck court, 57 trailer parking spaces and the ability to accommodate up to 40,000 pallet positions. Houston ColdPort can accommodate a single tenant or can be developed for a two-tenant layout.

“In 2018, Boomerang began researching the cold storage industry and quickly identified a need for cold storage development in the Houston market,” said Andy Cyrus, co-founder and managing partner of Boomerang.