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	<title>Cold Archives - VRJ Properties</title>
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	<description>Multifamily and Commercial Real Estate Investments</description>
	<lastBuildDate>Fri, 06 Sep 2024 01:41:30 +0000</lastBuildDate>
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	<title>Cold Archives - VRJ Properties</title>
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		<title>Meridian Design Build Completes Cold Storage Build in Indiana</title>
		<link>https://vrjproperties.com/meridian-design-build-completes-cold-storage-build-in-indiana/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Fri, 06 Sep 2024 00:01:08 +0000</pubDate>
				<category><![CDATA[Industrial]]></category>
		<category><![CDATA[Office]]></category>
		<category><![CDATA[Self Storage]]></category>
		<category><![CDATA[Build]]></category>
		<category><![CDATA[Cold]]></category>
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		<category><![CDATA[Indiana]]></category>
		<category><![CDATA[Meridian]]></category>
		<category><![CDATA[Storage]]></category>
		<guid isPermaLink="false">https://vrjproperties.com/meridian-design-build-completes-cold-storage-build-in-indiana/</guid>

					<description><![CDATA[<p>Meridian Design Build recently completed construction on a 300,000 SF climate-controlled seed storage and distribution facility for Corteva Agriscience and developer Scannell Properties in Anderson, Indiana. The new building, located at 4210 W. 67th Street, is Corteva’s largest warehouse and...</p>
<p>The post <a href="https://vrjproperties.com/meridian-design-build-completes-cold-storage-build-in-indiana/">Meridian Design Build Completes Cold Storage Build in Indiana</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="349a5e86-492c-46f2-a075-2814a802580c"><a href="https://meridiandb.com/" target="_blank" rel="noreferrer noopener">Meridian Design Build</a> recently completed construction on a 300,000 SF climate-controlled seed storage and distribution facility for Corteva Agriscience and developer Scannell Properties in Anderson, Indiana. The new building, located at 4210 W. 67th Street, is <a href="https://www.corteva.com/" target="_blank" rel="noreferrer noopener">Corteva’s</a> largest warehouse and distribution center in North America.</p>
<p>The new facility is constructed on a 30-acre site and includes 100,000 square feet of refrigerated/ humidity-controlled cold storage, as well as an adjacent dry storage area accessible via high-speed roll-up doors. The building features 25 loading docks, 2 drive-in doors, a storm shelter, and 4,000 square feet of office space.</p>
<p>Meridian completed the project on a design/build basis, with Curran Architecture providing architectural design services and American Structurepoint Inc. handling the civil engineering design square feet</p>
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<br /><a href="https://www.connectcre.com/stories/meridian-design-build-completes-cold-storage-build-in-indiana/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/meridian-design-build-completes-cold-storage-build-in-indiana/">Meridian Design Build Completes Cold Storage Build in Indiana</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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		<title>JV Raises $72M for Jacksonville Cold Storage Facility</title>
		<link>https://vrjproperties.com/jv-raises-72m-for-jacksonville-cold-storage-facility/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Wed, 05 Jun 2024 22:12:11 +0000</pubDate>
				<category><![CDATA[Self Storage]]></category>
		<category><![CDATA[72M]]></category>
		<category><![CDATA[Cold]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[Facility]]></category>
		<category><![CDATA[Jacksonville]]></category>
		<category><![CDATA[Raises]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Storage]]></category>
		<guid isPermaLink="false">https://vrjproperties.com/jv-raises-72m-for-jacksonville-cold-storage-facility/</guid>

					<description><![CDATA[<p>BGFP International, a strategic partnership between BG Capital, Saoud Development, and FreezPak Logistics, has secured $72 million in funding from Valley National Bank, the Israel Discount Bank of New York (IDB), and Nuveen Green Capital to develop a 275,000-square-foot cold storage facility in Jacksonville. Construction is...</p>
<p>The post <a href="https://vrjproperties.com/jv-raises-72m-for-jacksonville-cold-storage-facility/">JV Raises $72M for Jacksonville Cold Storage Facility</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="30aeae2d-6872-4b17-a818-a1a1b7b46f29">BGFP International, a strategic partnership between BG Capital, Saoud Development, and FreezPak Logistics, has secured $72 million in funding from Valley National Bank, the Israel Discount Bank of New York (IDB), and Nuveen Green Capital to develop a 275,000-square-foot cold storage facility in Jacksonville. Construction is underway and expected to be completed in November 2024.</p>
<p data-beyondwords-marker="b008087e-e96e-42f2-bc5f-2a2ce1409384">The debt execution was originated by Tyler Huffman and Joseph Byrne of BG Capital, which consists of Valley National Bank and IDB contributing as the senior lenders and Nuveen Green Capital providing Commercial Property-Assessed Clean Energy financing (CPACE).</p>
<p data-beyondwords-marker="085d44da-d26f-4c84-a8e9-630fa8530826">The facility, to be leased exclusively by FreezPak Logistics, spans over 20 acres and will offer 53,000 new pallet positions, 212,000 square feet of freezer space and a 41,000-square-foot cooler dock. Users will have access to blast freezing, cross-docking, transportation, repacking, overseas container plug-ins, and USDA inspections. The facility will also include 34 loading docks, 132 trailer parking stalls, 90 container plug-ins, and 67’ clear-height ceilings.</p>
<p data-beyondwords-marker="786d93a3-ecef-4e56-9905-6eea23a3621e">The Jacksonville facility will be BGFP International’s third built-to-suit location within its national expansion program. </p>
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<br /><a href="https://www.connectcre.com/stories/jv-raises-72m-for-jacksonville-cold-storage-facility/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/jv-raises-72m-for-jacksonville-cold-storage-facility/">JV Raises $72M for Jacksonville Cold Storage Facility</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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		<title>$50M Cold Storage Warehouse Slated for Jax</title>
		<link>https://vrjproperties.com/50m-cold-storage-warehouse-slated-for-jax/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Tue, 23 Jan 2024 14:48:52 +0000</pubDate>
				<category><![CDATA[Industrial]]></category>
		<category><![CDATA[Office]]></category>
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		<category><![CDATA[50M]]></category>
		<category><![CDATA[Cold]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[Jax]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Slated]]></category>
		<category><![CDATA[Storage]]></category>
		<category><![CDATA[Warehouse]]></category>
		<guid isPermaLink="false">https://vrjproperties.com/50m-cold-storage-warehouse-slated-for-jax/</guid>

					<description><![CDATA[<p>Jacksonville issued a building permit to Industrial Building Group to construct a 275,000-square-foot cold storage warehouse, a popular industrial sector in the area. At least five refrigeration and cold-storage projects are in development, primarily in North Jacksonville The FreezePak facility...</p>
<p>The post <a href="https://vrjproperties.com/50m-cold-storage-warehouse-slated-for-jax/">$50M Cold Storage Warehouse Slated for Jax</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
]]></description>
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<p data-beyondwords-marker="0bca2458-5b4e-4ee3-9543-728624fd3811">Jacksonville issued a building permit to Industrial Building Group to construct a 275,000-square-foot cold storage warehouse, a popular industrial sector in the area. At least five refrigeration and cold-storage projects are in development, primarily in North Jacksonville</p>
<p data-beyondwords-marker="10ac100f-6c62-4b58-a679-8e8e74325748">The <strong>FreezePak</strong> facility is expected to cost just under $50 million ($48.8 million) to build. The project comprises 212,000 square feet of freezer space, a 43,680-square-foot loading dock, a 9,728-square-foot office and utility and mechanical space.</p>
<p data-beyondwords-marker="06ce2612-edaa-469a-b992-1076b7982f41" id="h603902-p3">The development began construction in August 2023, and completion is scheduled for October 2024.</p>
<p data-beyondwords-marker="144c5091-05f6-4f11-8911-d0e0bfcef317" id="h603902-p5">FreezPak Logistics says it is a leading third-party food logistics company. The company said it will offer blast freezing, cross-docking, transportation, repacking and other services at the facility. </p>
<p data-beyondwords-marker="e36c6585-ad10-4591-9f3f-92bdae9b4f48" id="h603902-p11">The Jacksonville Daily Record reports FreezPak told the city its cold-storage and distribution facility would have at least 80 employees by year-end 2027. FreezePak is up for a grant from the city if they spend at least $95 million and hire the employees by the end of 2027.</p>
<p data-beyondwords-marker="d1983f8d-0cbe-472b-a4ec-6d1aa7b1c2df" id="h603902-p24"><em>Connect Industrial Midwest 2024 will take place on March 5, 2024, at Joe’s Live in Rosemont, Illinois. <a href="http://www.connectindustrialmidwest2024.com/" target="_blank" rel="noreferrer noopener"><strong>Click here</strong></a> for more information and to register</em>.</p>
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<p><br />
<br /><a href="https://www.connectcre.com/stories/50m-cold-storage-warehouse-slated-for-jax/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/50m-cold-storage-warehouse-slated-for-jax/">$50M Cold Storage Warehouse Slated for Jax</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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