BG Capital, FreezPak, Plan $200M Cold Storage Warehouses

A $200 million warehouse project is coming to the nation’s largest master-planned industrial park, near Houston.

BG Capital and FreezPak Logistics started construction recently on two cold-storage warehouses, spanning a total of 282,000 square feet, at 7818 Fisher Road, adding to Houston’s surging industrial sector within the TGS Cedar Port Industrial Park in Baytown, the Houston Business Journal reported.

The joint venture, called BGFP International, bought the 31-acre site from TGS Cedar Port Partners for $9 million in June 2022. Houston-based firm Partners represented the seller, and Marc Isdaner of Colliers International represented BGFP.

The development will consist of two warehouses, with RKB Architects at the helm of design and Industrial Building Group as the general contractor. The smaller one, measuring about 20,000 square feet, has a projected cost of roughly $102 million. It will be fully leased by FreezPak and construction is slated for completion in mid-2024.

Development for the attached 262,000-square-foot warehouse will begin once the smaller one is stabilized, according to BG Capital co-founder Joseph Byrne. That building will cost about $95 million, the outlet reported.

The combined facilities will have a 67-foot clear height, 408,000 square feet of freezer space, and 110,000 square feet of temperature-controlled cooler dock. The site will also include 141 trailer parking stalls, 64 truck stalls, three rail bays and 131 parking spaces.

It’s extremely tall for a freezer building, Byrne told the outlet.

“We’re really making a statement that we want to be in the Houston market by doing that,” he said.

TGS Cedar Port, one of the largest industrial parks in the world, houses tenants such as Walmart, Home Depot, Target, Niagara Bottling, Webstaurant, Plastic Express, Ikea, Ravago and Vinmar. The site at 7818 Fisher is near Floor & Décor’s 1.5 million-square-foot distribution center.

—Quinn Donoghue