$50M, 400K-SF Cold Storage Facility Coming to Burleson 50% Preleased

A $50 million, 400,000-square-foot cold storage facility will break ground next year in Burleson, the local economic development corporation announced Friday.

The facility is being developed as part of a joint venture between Austin-based Yukon Ventures LLC and Summit, New Jersey-based Saxum Real Estate. The facility will be located within the 159-acre HighPoint Business Park.

"The city of Burleson, and specifically the economic development team, has been a pleasure to work with since the start of the RFP process. They've been responsive, fair, and eager to win our business for their community," said Marty Khait, principal of Yukon Ventures in a statement. "We're excited to break ground on our project, another much needed cold storage facility for the metroplex."

The project is slated to break ground early next year and is expected to be completed by first quarter 2021. Fort Worth-based Premier Refrigerated Warehouse will be the anchor tenant at the new facility, taking 200,000 square feet.

"With the success our community has had over the past few years within the food industry it is a great achievement for our team to be able to be a part of an amazing development from Yukon Ventures and Saxum Real Estate," said Alex Philips, economic development manager for the city of Burleson, in a statement.

HighPoint Business Park is already home to a number of company headquarters, including Chicken E Food Service, Hayes & Stolz Mfg. Co., Stuart Industries and Airfare Airguns. According to JLL, the Metroplex has 9.7 million square feet of industrial buildings with cold storage space.

"Nearly 900,000 square feet has delivered in the past 18 months. Demand for food facilities, including cold storage, have increased in recent years with growth of online grocery delivery, such as Kroger’s planned 360,000 square foot automated distribution center in South Dallas," wrote Nick Thomas, JLL's senior research analyst in an email.

Read Original Article