Cold storage facility in North Dallas-Fort Worth trades hands
JLL Capital Markets closed the sale of the newly built Cold Creek Solutions Denton
DALLAS, October 18, 2022 – JLL Capital Markets announced today that it has closed the sale of Cold Creek Solutions Denton, a 374,560-square-foot Class A cold storage warehouse in Denton, Texas.
JLL represented the seller, Cold Creek Solutions, in the sale to an institutional buyer.
The recently completed building is approximately 50% leased to Southwest Warehouse Services. Cold Creek Solutions Denton features 45’ clear heights for the warehouse space and a cold dock clear height of 28’, allowing for approximately 60,000 pallet positions, multi-tenanted space use and flexible temperature functionality. The project includes 53 dock positions with three ramps, 85 trailer parking spaces and 147 car parking spaces. The property consists of 306,240 square feet of freezer/cold storage, a 59,320 square foot refrigerated dock and 9,000 square feet of office space.
Cold Creek Solutions Denton is positioned on approximately 23 acres at 6651 N Interstate 35 in the rapidly growing Denton Industrial submarket, which is in the northern part of the Dallas-Fort Worth MSA. The property sits adjacent to I-35, US-77, US-380 and Loop 288 providing excellent access to major U.S. east-west and north-south thoroughfares. As a result, the property has convenient access to some of the fastest growing parts of the DFW metroplex, including Frisco, McKinney, Allen and Prosper to the north and Alliance Airport and north Fort Worth to the west.
The JLL Capital Markets Industrial team representing the seller was led by Senior Managing Directors Dustin Volz and Stephen Bailey, Director Dom Espinosa, Associate Wells Waller and Analyst Cole Sutter.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Cold Creek Solutions
Cold Creek Solutions is a pure-play developer of cold storage warehouse and logistics facilities based in the DFW metroplex. President Matt McWilliams and the Cold Creek Solutions team bring a deep background in the cold storage space with relationships across the industry nationwide. In addition to the Denton facility, Cold Creek Solutions is currently developing several additional projects, including build-to-suit and other market driven solutions across multiple states in the U.S.