BGO, a global real estate investment management firm, and Crawford Hoying, an Ohio-based full-service development, management, and construction company, have sold their state-of-the-art cold storage facility in Columbus, Ohio for $75.7 million. The buyer was not disclosed.

The 179,000-square-foot speculative development was designed and delivered to meet the growing demand for high-quality, sustainable, temperature-controlled logistics space. The general contractor for the project was Contegra Construction and the leasing agent for the building was CBRE.

Strategically located in the Columbus industrial corridor, the facility features cutting-edge refrigeration and storage technology to support modern food distribution. “The successful sale of this modern and sustainable cold storage facility highlights the strength of our collective capability to deliver best-in-class cold chain assets that meet the rapidly growing needs of today’s diverse occupiers,” said Kevin Rivest, Managing Partner, and U.S. Head of BGO Cold Chain.