The recently completed projects totaled more that 700,000 square feet. Cold Creek Solutions broke ground on the first facility in Denton in late summer 2021 followed by the San Antonio facility in early 2022 and immediately received a high-level of interest from local and national cold storage users. Cold Creek Solutions Matt McWilliams, “We were able to sign a market leading, long-term lease with a half-building user before we had erected any walls in our first building, which is extremely rare on speculative builds in the cold space.”
He added that the facilities provide Texas with temperature-controlled space along the I-35 corridor as a lack of inventory and aging infrastructure have left many tenants seeking strategically located options that are larger and more efficient.
Cold Creek Solutions is currently planning more projects in multiple major markets across the U.S. Cold Creek Solutions partnered with Invesco Real Estate on the projects. Terms of the deals were not disclosed.
The post Cold Creek Unloads Two Texas Cold Storage Facilities appeared first on Connect CRE.
The recently completed projects totaled more that 700,000 square feet. Cold Creek Solutions broke ground on the first facility in Denton in late summer 2021 followed by the San Antonio facility in early 2022 and immediately received a high-level of interest from local and national cold storage users. Cold Creek Solutions Matt McWilliams, “We were …
The post Cold Creek Unloads Two Texas Cold Storage Facilities appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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