{"id":1004524067,"date":"2021-04-26T02:46:52","date_gmt":"2021-04-26T10:46:52","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004524067"},"modified":"2021-05-12T22:58:22","modified_gmt":"2021-05-13T06:58:22","slug":"ti-cold-development-teams-up-with-bentallgreenoak","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ti-cold-development-teams-up-with-bentallgreenoak\/","title":{"rendered":"Ti Cold Development Teams Up With BentallGreenOak"},"content":{"rendered":"

Ti Cold Development has secured a new source of capital to finance its growing cold storage portfolio. The company has partnered with BentallGreenOak, which has committed to providing capital to fund Ti Cold\u2019s developments in the U.S. and Canada.<\/p>\n

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READ ALSO<\/strong>: Phoenix Named Top Growth Market for Big-Box Industrial: CBRE<\/a><\/p>\n

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Ti Cold has already identified key markets in its U.S. and Canada footprint that will draw on the capital from the partnership. The first two projects that will utilize BentallGreenOak\u2019s funds are currently underway and are expected to complete in 2022.<\/p>\n

\"TiCold<\/a>

Ti Cold Development Phoenix facility in Copperwing Logistics Center. Rendering courtesy of Ti Cold Development<\/em><\/p><\/div>\n

Ti Cold\u2019s 318,060-square-foot cold storage project in Phoenix will be the first development to utilize BentallGreenOak\u2019s capital. The facility will be built with 177 million cubic feet of storage space, 40,000 pallet positions, 50-foot clear heights, a 60-foot deep refrigerated dock, 40-foot deep refrigerated rear rail dock, and -20 to 60 degrees Fahrenheit fully convertible storage space. The building will be located in Copperwing Logistics Center, which allows for access to BNSF Railway, and to the area\u2019s three major roads, Loops 101, 303 and Northern Parkway.<\/p>\n

\"TiCold<\/a>

Ti Cold Development’s upcoming Reno, Nev., facility. Rendering courtesy of Ti Cold Development<\/em><\/p><\/div>\n

In Reno, Nev., Ti Cold\u2019s 254,330-square-foot project will be the second to use the incoming capital. The cold storage property will be built with 40,000 pallet positions, a 41,000-square-foot refrigerated dock and -10 to 60 degrees Fahrenheit fully convertible storage space. The Reno project is located near Interstate 80, Highway 439 and the Pacific Union Rail Line, allowing it to serve 80 percent of the California market within a day\u2019s truck drive, according to Ti Cold.<\/p>\n

Hot demand for cold storage<\/h2>\n

Sam Tippmann, principal at Ti Cold, said in prepared remarks that the company\u2019s relationship with BentallGreenOak began in 2017 with the development of a cold storage facility in Seattle. Tippmann added that the partnership will combine Ti Cold\u2019s cold storage development experience and BentallGreenOak\u2019s capital to continue its strategy to build more cold storage facilities in underserved markets in North America.<\/p>\n

In December, a similar partnership was created between Provender Partners and Cerberus Capital Management<\/a> that aimed to assemble a multibillion-dollar portfolio of cold storage facilities in the U.S. Like Ti Cold and BentallGreenOak, the joint venture between Provender and Cerberus was looking to capitalize on the growing demand for cold storage space<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The partnership\u2019s first two projects are currently underway in Phoenix and Reno, Nev. <\/p>\n","protected":false},"author":883,"featured_media":1004528067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21825,21748,21742,1601,15],"tags":[46487],"class_list":["post-1004524067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-finance","category-industrial","category-latest","category-phoenix","category-west","tag-bentallgreenoak"],"acf":[],"yoast_head":"\nTi Cold Development Teams Up With BentallGreenOak - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ti-cold-development-teams-up-with-bentallgreenoak\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ti Cold Development Teams Up With BentallGreenOak\" \/>\n<meta property=\"og:description\" content=\"The partnership\u2019s first two projects are currently underway in Phoenix and Reno, Nev.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ti-cold-development-teams-up-with-bentallgreenoak\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-26T10:46:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-13T06:58:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/TiCD-PhoenixFacility-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"323\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ti-cold-development-teams-up-with-bentallgreenoak\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ti-cold-development-teams-up-with-bentallgreenoak\/\",\"name\":\"Ti Cold Development Teams Up With BentallGreenOak - 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