Bain Capital and Barber Partners form $500m cold storage partnership

Barber Partners and Bain Capital have formed a national programmatic joint venture targeting the development of approximately 15 class A, state-of-the-art cold storage warehouse projects under the Chill Storage brand.

The joint venture launches with the objective of deploying $500 million of asset value over the next several years.

The first project is a class A speculative freezer/cooler facility located in the Dallas–Fort Worth Metroplex area. Situated on approximately 34 acres, this building will be 302,400 square feet and feature 50 feet of clear height, allowing for the latest in racking technology and systems. Construction will commence in early summer 2022, and the joint venture is poised to add several additional sites across the country in the coming months.

“Our team has successfully developed ground-up construction of commercial investment properties for a very long time, and we are experts at delivering first-class products to meet tenant/consume