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Cold Creek Solutions Denton. Image courtesy of JLL Capital Markets
UBS Realty Investors has acquired Cold Creek Solutions Denton, a 374,560-square-foot cold storage warehouse in Denton, Texas, according to CommercialEdge information. Cold Creek Solutions sold the recently completed Class A property, with the assistance of JLL.
CCS broke ground on the facility in 2021, financing its construction with a $37.7 million loan from Happy State Bank. ARCO Construction served as general contractor.
The JLL Capital Markets team representing the seller included Senior Managing Directors Dustin Volz and Stephen Bailey, Director Dom Espinosa, alongside Associate Wells Waller and Analyst Cole Sutter.
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CommercialEdge data shows Cold Creek Solutions Denton was the second largest industrial property that has changed hands in the metro since the beginning of October. The largest one was HWY 114 Distribution Center, a 568,858-square-foot speculative warehouse in Roanoke that Cohen Asset Management acquired from Provident Realty Advisors.
A cold storage facility in The Metroplex
Cold Creek Solutions Denton comprises 306,240 square feet of cold storage, a 59,320-square-foot refrigerated dock and 9,000 square feet of office space. The property has 45-foot clear heights for the warehouse and 28-foot clear heights for the cold dock, which allows for 60,000 pallet positions, multi-tenant space use and flexible temperature functionality. The storage features 53 dock positions including vertical storing levelers, 85 trailer parking spaces and 147 car parking spaces. The building was 50 percent leased at the time of sale to Southwest Warehouse Services.
The 23.6-acre property is at 6651 N. Interstate 35 in the northern part of The Metroplex, having access to Loop 288 and U.S. routes 77 and 380. The location is 10 miles north of the 34-acre site where a 302,400-square-foot speculative cold storage warehouse will be developed as the first project of a $500 million joint venture.
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