Approximately 15 Class-A cold-storage warehouse projects will be constructed under the Chill Storage brand following the formation of a national programmatic joint venture between Barber Partners LLC, a commercial real estate developer, and Bain Capital’s Special Situations unit.
The first project is a Class-A speculative freezer/cooler facility located in the Dallas-Fort Worth area. Situated on approximately 34 acres, the 302,400 ft2 facility will include modern racking technology and systems, according to the companies. Construction will begin this summer.
The joint venture is said to be looking to acquire additional sites in the coming months.