Boomerang JV Kicks Off San Antonio Cold Storage Project

A joint venture between Boomerang Industrial and Marble Capital broke ground on STX Frio, a speculative 325,274-square-foot cold storage project in the San Antonio suburb of Schertz, Texas. Bank OZK provided construction financing, according to Yardi Matrix.

ARCO Design/Build serves as architect and general contractor. Completion is expected toward the end of next year.

STX Frio will feature a clear height of 50 feet and an 80-foot cold dock, as well as a truck court of 200 feet and 68 trailer parking spaces. The facility may take on several layouts designed for one, two or three tenants.

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Located on a 25-acre site at 22218 FM 2252, the project is less than 1 mile away from Interstate 35, a corridor that generates $1.2 trillion in gross domestic product, according to a Boomerang company statement. The area’s past population growth and future projections will continue to support increased cold storage demand.

Boomerang teamed up with ARCO before, alongside CenterSquare Investment Management. The trio worked on another cold storage project, dubbed Houston ColdPort. That 315,111-square-foot facility became operational in 2023, fully leased to Lineage.

JLL Executive Managing Director Tim O’Rourke, together with Senior Vice President Kevin Griffiths, Senior Associate Sage Rheinschild, Managing Director Alcide Longoria and Senior Managing Director Mark Krenger, are spearheading the leasing efforts for STX Frio.

Texas, the cold storage frontier

The average cold storage facility in the U.S. is 37 years old, according to a Marble company statement. This becomes relevant as demand shifts toward newer properties, a Newmark report shows. In fact, more than two-thirds of all vacant cold storage space sat in older warehouses as of 2025.

Texas leads the efforts to replace the obsolete refrigerator facility stock. The Lone Star State expanded its inventory by 35 percent during the 10 years ending in 2025, the report reveals. Texas food production and port activity played a significant role in the state’s heightened cold storage growth.