{"id":1004736317,"date":"2024-11-07T04:19:27","date_gmt":"2024-11-07T12:19:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004736317"},"modified":"2024-11-07T05:45:12","modified_gmt":"2024-11-07T13:45:12","slug":"venture-one-bgo-get-underway-on-long-island-cold-storage-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/venture-one-bgo-get-underway-on-long-island-cold-storage-facility\/","title":{"rendered":"Venture One, BGO Get Underway on Long Island Cold Storage Facility"},"content":{"rendered":"\n<p>Venture One and BGO Cold Chain have broken ground on Venture Park Cold at ISP, a speculative Class A cold storage facility in Ronkonkoma, N.Y. Completion of the Long Island property is expected in the fourth quarter of 2025.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Venture-Park-Cold-at-ISP.png\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004736337\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/venture-one-bgo-get-underway-on-long-island-cold-storage-facility\/venture-park-cold-at-isp\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Venture-Park-Cold-at-ISP.png\" data-orig-size=\"1200,900\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Venture Park Cold at ISP\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Venture-Park-Cold-at-ISP.png?w=1024\" height=\"768\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Venture-Park-Cold-at-ISP.png?w=1024\" alt=\"Exterior rendering of Venture Park Cold at ISP, a future cold storage facility in Ronkonkoma, Long Island, N.Y.\" class=\"wp-image-1004736337\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Venture-Park-Cold-at-ISP.png 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Venture-Park-Cold-at-ISP.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Venture-Park-Cold-at-ISP.png?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Venture-Park-Cold-at-ISP.png?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Venture Park Cold at ISP will come online in the fourth quarter of 2025. <em>Image courtesy of Venture One<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The 137,470-square-foot building at 2100 Smithtown Ave. will be a purpose-built cold storage asset with insulated metal panel construction and feature a fully convertible freezer\/cooler with temperature ranges of \u201310 degrees Fahrenheit to +35 degrees Fahrenheit.<\/p>\n\n\n\n<p>The warehouse is set to feature a 40-foot clear height with a 28-foot cold dock and an insulated glycol floor slab. The property will also include 18 loading docks expandable to 25, one drive-in door and parking for 194 cars.<\/p>\n\n\n\n<p>Thomas DeLuca, Frank Frizalone, Nick Gallipoli and John Giannuzzi of Cushman &amp; Wakefield will market the property.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/why-cold-storage-is-getting-hotter\/\">Why Cold Storage Is Getting Hotter<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The facility has been designed to accommodate either a single user or a multi-tenant scenario, Venture One Senior Vice President Brian McDonagh told <em>Commercial Property Executive<\/em>. He added that an office building previously on the site had to be demolished before this project could proceed.<\/p>\n\n\n\n<p>The site is adjacent to the Long Island MacArthur Airport, just north of Veterans Memorial Highway. The location is also close to Long Island Expressway, which provides access to Hunts Point Cooperative Market, the world\u2019s largest food distribution center.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-cold-stays-hot\">Cold stays hot<\/h2>\n\n\n\n<p>The strength of the cold storage sector is clear not just in acquisitions, but even more so in recent development projects, despite construction costs two to four times higher than those for dry industrial buildings. <\/p>\n\n\n\n<p>Last month, <a href=\"https:\/\/www.commercialsearch.com\/news\/saxum-breaks-ground-on-323-ksf-indiana-cold-storage-project\/\">Saxum Real Estate broke ground<\/a> on a 322,600-square-foot build-to-suit cold storage facility in Crown Point, Ind., for Arcadia Cold. Delivery is expected in the second quarter of 2026.<\/p>\n\n\n\n<p>In September, <a href=\"https:\/\/www.commercialsearch.com\/news\/cold-storage-warehouse-coming-to-kansas-city\/\">BGO and Yukon Real Estate Partners started construction<\/a> on a 291,000-square-foot cold storage property near Kansas City, Mo. This project too is already spoken for, with CJ Logistics America having committed to taking the entire facility.<\/p>\n\n\n\n<p>And in August, <a href=\"https:\/\/www.commercialsearch.com\/news\/rl-cold-bgo-break-ground-on-philly-area-cold-storage-facility\/\">RL Cold and BGO broke ground<\/a> on a 215,766-square-foot spec cold storage warehouse in Mount Laurel, N.J. That development is rising on the site of a former office building as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This spec project will come online late next year.<\/p>\n","protected":false},"author":882,"featured_media":1004736337,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,1600,21742,10],"tags":[52263,32799,49819],"class_list":["post-1004736317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-new-york","category-latest","category-northeast","tag-bgo","tag-cushman-wakefield","tag-venture-one"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Venture One, BGO Get Underway on Long Island Cold Storage Facility - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Venture One and BGO Cold Chain have broken ground on Venture Park Cold at ISP, a spec cold storage facility in Ronkonkoma, Long Island, N.Y.\" \/>\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\/venture-one-bgo-get-underway-on-long-island-cold-storage-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Venture One, BGO Get Underway on Long Island Cold Storage Facility\" \/>\n<meta property=\"og:description\" content=\"Venture One and BGO Cold Chain have broken ground on Venture Park Cold at ISP, a spec cold storage facility in Ronkonkoma, Long Island, N.Y.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/venture-one-bgo-get-underway-on-long-island-cold-storage-facility\/\" \/>\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=\"2024-11-07T12:19:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T13:45:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Venture-Park-Cold-at-ISP.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\/venture-one-bgo-get-underway-on-long-island-cold-storage-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/venture-one-bgo-get-underway-on-long-island-cold-storage-facility\/\",\"name\":\"Venture One, BGO Get Underway on Long Island Cold Storage Facility - 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