CenterSquare Investment Management, in partnership with Boomerang Interests, announced that they have executed a full-building, long term lease for Houston ColdPort with one of the world’s leading cold storage and logistics solutions providers, Lineage Logistics. The 315,111-square-foot cold storage facility began development in April 2021 and base building work is expected to be fully complete by September 2022. CenterSquare currently invests in the cold storage sector through multiple strategies within the firm including private equity real estate, listed real estate and strategic capital.
Houston ColdPort sits on a 22.5-acre site and is strategically positioned in the heavy-haul corridor of The Port of Houston. The facility is conveniently located in close proximity to major throughways in the area including Beltway 8, US-90, Interstate 10 and Interstate 69 and features ample trailer and automobile parking space.
ARCO Design/Build, an industry leader for industrial project types, was tasked with designing and constructing the property which features 50-foot clear heights, 38 fully automated dock positions, a 200-foot-deep truck court and the capacity to accommodate up to 40,000 pallet positions. The facility also features vertical storing hydraulic dock leveler equipment, LED lighting throughout and a Tyco Quell dry fire sprinkler system.
