FORT WORTH, TEXAS - July 31, 2018 - CBRE announces that Hunt Southwest is under construction on a 300,000-square-foot speculative freezer/cold storage warehouse in Carter Industrial Park in south Fort Worth with an estimated completion date of March 2019. DFW ColdSpot is the first cold storage facility in Texas to be developed on a speculative basis.
"This building is designed to meet the demand of industrial food occupiers, whether they are food distributors, manufacturers, or third party cold logistics providers. If an industrial food user needs temperature-controlled space in this region, ColdSpot meets this need by offering efficiency, flexibility and speed to market. These are competitive advantages that have never existed in this part of the country," said Kevin Kelly, Senior Vice President, CBRE.
The speculative cold storage facility sits on 18.99 acres and features 45-foot clear height, making it the tallest speculatively-developed warehouse in Texas. The warehouse also has a deep truck court, heavy car, truck and trailer parking and is rail capable with additional off-site trailer storage available.
"We've studied the user demand and the choices they have had for freezer and cooler space in this market over the last 15 years," said David Sours, Senior Vice President, CBRE. "We have worked with Hunt Southwest to incorporate the elements that are important to the end user."
The facility, located at 8200 Will Rogers Blvd., is strategically located for local and regional distribution with easy access to both I-35W and I-20. The warehouse can serve a single tenant or multiple tenants at 100,000 square feet or more.
"We are big believers in the cold storage space, and Hunt Southwest, with its entrepreneurial capital and industrial development experience, is uniquely qualified to take advantage of the supply-demand imbalance in the sector," said Preston Herold, Vice President, Hunt Southwest.
Mr. Sours and Mr. Kelly with CBRE's National Food Facilities Group are marketing the asset on behalf of Hunt Southwest.
CBRE's National Food Facilities Group provides highly specialized real estate services exclusively within the food distribution, food processing, and cold storage sectors.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates) and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About Hunt Southwest Real Estate Development
Hunt Southwest Real Estate Development is a Dallas-based, full-service real estate development company with a focus on industrial, office, retail, mixed-use, multifamily and residential real estate development in the Texas market.
Hunt Southwest is a joint venture between Hunt Midwest and Unity Hunt. It is the second real estate development enterprise founded by the Lamar Hunt family, following the success of Hunt Midwest, which was established in 1985. The Hunt family business is a diverse portfolio of entities involved in real estate, sports/media, energy/resources, private equity and investments. Other marquee entities include the Kansas City Chiefs, FC Dallas Soccer Club, Toyota Stadium, Chicago Bulls and United Center.