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Speculative Cold Storage Project to Launch in 2021

22.01.2021, 01:28

Speculative Cold Storage Project to Launch in 2021

Completion of Denver’s first ever cold storage speculative development at 189 Bromley Business Parkway in Brighton, Colorado, has been scheduled for October 2021.

76 Freeze, a 247,032-square-foot state-of-the-art, multi-temperature facility, is situated on 17 acres is strategically positioned to service Colorado’s Front Range and Rocky Mountain regions. Approximately 166,000 square feet of space in the multi-user facility has been preleased to a single tenant.

Owned and developed by Karis Cold Storage (Karis Cold) a Chicago-based private real estate investment and development company exclusively focused on the cold storage industry. 76 Freeze incorporates a convertible freezer designed to operate at temperatures ranging from as low as -10° Fahrenheit up to higher than 55° Fahrenheit, which makes the facility suitable for a variety of users in need of freezer, cooler, processing or dry space.

“We’ve been tracking the lack of quality supply and increased demand for cold storage and are excited to work with our partners to bring this product to market to fill that need,” explains Jake Finley, Karis Cold CEO. “This facility is specifically designed with flexibility in mind to meet the diverse needs of a variety of cold storage users – all under the same roof.”

Cushman & Wakefield is overseeing the leasing of the new landmark project through a team that is being led by Matt Trone, SIOR, along with colleagues Steve Hager, Drew McManus, SIOR, and Joey Trinkle. 79,735 SF of space is currently available for lease.

Trone comments: It is a great pleasure to be involved in this rare project in Denver designed to meet the evolving needs of today’s supply chain dynamics and cold storage users while maximizing efficiency and lower costs.

“76 Freeze features a generous 40-foot clear-height ceiling, and can accommodate up to 10,000 pallet positions. The flooring is also in shell condition to accommodate a tenant’s specific use.

“We are also thrilled in having been able to already secure a notable tenant in the majority of the space, indicative of the functionality and quality of this facility.”

Located in a prime location for cold storage distribution, 76 Freeze offers direct access to I-76 and E-470. The facility comprises 2.84 million leasable cubic feet and features 4,800 SF of office (expandable), 14 dock-high doors, ample car and trailer parking, 6” insulated metal panel construction, and a Quell sprinkler system.

CAMFIL HVAC Filtration Solutions

Staff Reporter covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

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