Chilly Creek Options offered the not too long ago accomplished warehouse.
UBS Realty Buyers has acquired Chilly Creek Options Denton, a 374,560-square-foot chilly storage warehouse in Denton, Texas, in accordance with CommercialEdge info. Chilly Creek Options offered the not too long ago accomplished Class A property, with the help of JLL.
CCS broke floor on the power in 2021, financing its building with a $37.7 million mortgage from Glad State Financial institution. ARCO Building served as basic contractor.
The JLL Capital Markets crew representing the vendor included Senior Managing Administrators Dustin Volz and Stephen Bailey, Director Dom Espinosa, alongside Affiliate Wells Waller and Analyst Cole Sutter.
READ ALSO: Trade Embraces Reshoring Initiatives
CommercialEdge information reveals Chilly Creek Options Denton was the second largest industrial property that has modified palms within the metro for the reason that starting of October. The most important one was HWY 114 Distribution Middle, a 568,858-square-foot speculative warehouse in Roanoke that Cohen Asset Administration acquired from Provident Realty Advisors.
A chilly storage facility in The Metroplex
Chilly Creek Options Denton contains 306,240 sq. ft of chilly storage, a 59,320-square-foot refrigerated dock and 9,000 sq. ft of workplace area. The property has 45-foot clear heights for the warehouse and 28-foot clear heights for the chilly dock, which permits for 60,000 pallet positions, multi-tenant area use and versatile temperature performance. The storage options 53 dock positions together with vertical storing levelers, 85 trailer parking areas and 147 automotive parking areas. The constructing was 50 % leased on the time of sale to Southwest Warehouse Companies.
The 23.6-acre property is at 6651 N. Interstate 35 within the northern a part of The Metroplex, gaining access to Loop 288 and U.S. routes 77 and 380. The situation is 10 miles north of the 34-acre web site the place a 302,400-square-foot speculative chilly storage warehouse will probably be developed as the primary undertaking of a $500 million three way partnership.
