Cold Summit Development launched its second project and first in the Phoenix metro area. The 357,000 ft² multi-tenant cold-storage facility (Cold Summit PHX) is expandable to 485,000 ft². Construction is anticipated to start immediately, with completion by December 2021.

Cold Summit PHX will include 75,000 pallet positions, flexible structural bay spacing to accommodate multiple racking configurations and a 51' clear height in the warehouse with full temperature convertibility.

The project follows Cold Summit Dallas, which launched in December 2020.