The cold storage market is heating up with the sale of a huge, newly built cold storage facility in North Dallas.
Cold Creek Solutions Denton is a Class A cold storage warehouse in one of Dallas-Fort Worth’s largest suburbs and a rising industrial hub. The 375,000 square-foot facility at 6651 N Interstate 35 is equipped for both refrigeration and frozen storage needs and includes a 59,320 square foot refrigerated dock with 53 dock positions with three ramps, 85 trailer parking spaces, 147 car parking spaces. It also has 9,000 square feet of office space.
It was sold to an institutional buyer and the financial terms were not disclosed, but the sale represents continued investment in Dallas’s cold storage market over the past year.
According to data from CBRE, Texas ranked as one of the top 10 states in the nation for cold storage capacity and had over 2.7 million square feet of speculative cold storage development in the pipeline as of June 2022.
CBRE expects demand for cold storage to outstrip supply over the next five years, and demand is expected to rise especially around Dallas as the population of the city and the surrounding area continues to rise.
Builder Cold Creek partnered with ACRO National Construction to build the cold storage facility on nearly 23 acres of land. It sits adjacent to I-35, US-77, US-380, and Loop 288, which provides access to other sectors of the DFW metroplex, including Frisco, McKinney, Allen, and Prosper, as well as the Alliance Airport.
The building finished construction recently and is already about 50 percent leased to Southwest Warehouse Services, a logistics company based in Fort Worth. The facility features 45-foot clear heights for the warehouse and a cold dock with a clear height of 28 feet, which allows for approximately 60,000 pallet positions, multi-tenanted space use, and flexible temperature functionality.
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