Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers, has purchased a new, 400,000-square-foot facility in Burleson, Texas.
This facility was constructed at a cost of $50 million, according to traded, and its development was undertaken through a joint venture involving Austin-based Yukon Ventures and Saxum Real Estate.
However, financial terms of the transaction were not disclosed.
Burleson marks Vertical Cold’s second facility in the Dallas-Fort Worth market. The facility has an average clear height of 55 feet and 53 dock doors. It includes multiple rooms convertible to -20 degrees Fahrenheit and is well suited for a wide range of frozen and refrigerated food and other perishable products. Vertical Cold said it will implement a new, efficient refrigeration system that will reduce energy consumption.
“Our new facility enables us to optimize the location of our customers throughout the Dallas-Fort Wort