Melbourne, FL-based Ti Cold Development said Friday that BentallGreenOak (BGO) has committed to providing capital to fund real estate development in all of Ti’s land positions. BGO’s equity commitment for an undisclosed amount will support the construction and development of cold storage assets in multiple markets across the U.S. and Canada.
Ti Cold Development will initially access this capital for the company's growth into pre-identified key markets in the US and Canada, beginning with two projects underway in Phoenix and Reno. Each will be accessible to both highways and Class I railroad lines.
“Ti has a deep relationship with BentallGreenOak — dating back to our first engagement with the firm in the development of a cold storage facility in Seattle in 2017,” said Sam Tippmann, principal at Ti Cold Development.
“BGO’s global track record of investment in cold storage real estate development is strong.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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