CenterSquare has announced an equity investment in Houston ColdPort, a 315,101-square-foot speculative cold-storage warehouse in Houston.
The firm partnered with Boomerang Interests to develop the property, which is expected to be delivered in the second quarter of 2022.
“The pandemic highlighted and accelerated the growing demand for online ordering of refrigerated and frozen foods,” said Jeff Reder, managing director of CenterSquare Investment Management. “The improved efficiencies of modern cold-storage facilities are desired by a variety of users servicing the food and beverage industries and beyond. Houston is a top target market for cold-storage users given its large and growing population, central location, business-friendly environment and being home to one of the largest ports in the world.”
ARCO Design/Build, a national firm widely recognized as an industry leader for industrial project types, including cold-storage, warehouse, light industrial
