Ti Cold Development recently purchased a 27.2-acre site for an undisclosed acquisition price. The land is part of the first phase of the future development of Copperwing Logistics Center, a speculative cold storage facility scheduled to be constructed in El Mirage, AZ, 21.6 miles northeast of Phoenix.

CBRE’s Jason Lev, Rusty Kennedy, Pat Feeney and Dan Calihan represented the buyer in the transaction. The team will also be responsible for the marketing and leasing of the property located at NWC Joe R. Ramrez and Dysart roads.

“This is an amazing opportunity to establish an innovative and ultramodern speculative cold storage facility with a fantastic level of access to the greater Phoenix area and the western region of the country,” said Lev. “While speculative dry facilities have been prominent in most traditional industrial sites for years, we are seeing a new and ever-increasing demand for speculative cold storage in Arizona. We expect this new site to draw interest from a variety of food manufacturers to increase pallet storage capacity and third-party logistic companies looking to fortify their cold storage supply chain capabilities within the country.”