Artico Cold Management, a Chicago-based startup, will build a 120,000 ft2 cold-storage warehouse in the Las Cruces Innovation and Industrial Park in New Mexico.

According to the New Mexico Economic Development Department, the $30 million project will take 12 to 18 months to complete and is expected to open in 2023. The company has pledged to hire up to 60 employees.

Artico Cold Management was formed in 2021 and is planning several projects across the United States.