Barber Partners LLC and Bain Capital have formed a joint venture that will develop up to 15 Class-A cold storage warehouse projects under the Chill Storage brand.
The first project in the $500M venture is a 302K SF speculative freezer/cooler facility that will be built on a 34-acre site in the Dallas-Fort Worth Metroplex area, the partnership said.
Construction on the cold storage warehouse in Denton, TX will begin this summer. The $52M facility will feature 50-foot clearance heights to allow for advanced racking technology and systems.
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