A rapidly tightening industrial real estate market in and around Port Houston got even tighter Tuesday with an announcement that Lineage Logistics signed a full-building lease for Houston ColdPort, a 315K SF cold storage warehouse at the northwest corner of Beltway 8 and U.S. 90 within the port’s heavy-haul corridor.
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Houston ColdPort, a joint venture between Boomerang Interests and CenterSquare Investment Management, launched last spring at 7500 Uvalde Road as a speculative project intended to take advantage of post-pandemic demand for cold storage.
“The supply-demand imbalance and aging inventory of cold storage facilities in Houston initially attracted us to the industry; these dynamics have accelerated during construction of Houston ColdPort,” Boomerang co-founder and Managing Partner Andy Cyrus said in the release, adding Boomerang hopes to engage in further partnerships with Lineage.
The new facility will add to Lineage Logistics’ network of more than 400 facilities with upward of 2 billion cubic feet in capacity spread across 20 countries in North America, Europe and Asia-Pacific.
“Houston ColdPort further expands our leading presence in the Houston Metro area and strengthens our capabilities to efficiently import and export customer product through the Port of Houston,” Lineage Logistics North America President Brian Beattie said in a release.
The project was built and designed by ARCO Design/Build to accommodate a variety of cold storage uses, including freezer and/or cooler cold storage, food processing/manufacturing and food distribution.
