{"id":1004736585,"date":"2024-11-08T07:24:31","date_gmt":"2024-11-08T15:24:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004736585"},"modified":"2025-02-24T01:57:32","modified_gmt":"2025-02-24T09:57:32","slug":"bgo-pays-60m-for-miami-cold-storage-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bgo-pays-60m-for-miami-cold-storage-facility\/","title":{"rendered":"BGO Pays $60M for Miami Cold Storage Facility"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/7600-Nw-82nd-Place-e1731072840450.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"653\" height=\"490\" data-attachment-id=\"1004736592\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bgo-pays-60m-for-miami-cold-storage-facility\/7600-nw-82nd-place\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/7600-Nw-82nd-Place-e1731072840450.jpg\" data-orig-size=\"653,490\" 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=\"7600 Nw 82nd Place\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Medley Cold Logistics is at 7600 NW 82nd Place in Miami. Image courtesy of BGO &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/7600-Nw-82nd-Place-e1731072840450.jpg?w=653\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/7600-Nw-82nd-Place-e1731072840450.jpg\" alt=\"Medley Cold Logistics is at 7600 NW 82nd Place in Miami.\" class=\"wp-image-1004736592\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/7600-Nw-82nd-Place-e1731072840450.jpg 653w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/7600-Nw-82nd-Place-e1731072840450.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 653px) 100vw, 653px\" \/><\/a><figcaption class=\"wp-element-caption\">Medley Cold Logistics is a one-story facility at 7600 NW 82nd Place in Miami. <em>Image courtesy of BGO <\/em><\/figcaption><\/figure><\/div>\n\n\n<p>BGO Cold Chain has purchased Medley Cold Logistics, a 178,000-square-foot Class A cold storage facility in Miami. Truist Securities sold the asset for $60 million, according to Miami-Dade County public records. JLL brokered the deal on behalf of the seller.<\/p>\n\n\n\n<p>BGO closed the deal as part of its Core Plus strategy. The property is fully occupied by Quirch Foods.<\/p>\n\n\n\n<p>Medley Cold Logistics is a one-story warehouse at 7600 NW 82nd Place. It has 116,000 square feet of freezer space, more than 20,000 pallet positions, 32-foot clear heights, 29 loading docks and 236 vehicle parking spots. The property also includes a site available for further development or expansion options.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background is-style-wide\" style=\"background-color:#e0e0e0;color:#e0e0e0\"\/>\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-text-color has-alpha-channel-opacity has-background is-style-wide\" style=\"background-color:#e0e0e0;color:#e0e0e0\"\/>\n\n\n\n<p>The 15-acre property allows for access to U.S. Route 27, Florida State Road 826 and Interstate 75. Miami International Airport is 8 miles away, Port of Miami is 15 miles away and Fort Lauderdale-Hollywood International Airport is within 37 miles from the cold storage facility.<\/p>\n\n\n\n<p>JLL Managing Director Luis Castillo, Senior Director Cody Brais and Associate Taylor Osborne led the Investment Sales and Advisory team that negotiated on behalf of the seller.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bgo-ramps-up-cold-storage-investments\">BGO ramps up cold storage investments<\/h2>\n\n\n\n<p>The Medley Cold Logistics purchase followed BGO\u2019s acquisition of SkyChefs Cold Storage in 2023, a deal closed in joint venture with Iconic Equities that added to the company\u2019s cold storage footprint in Florida.<\/p>\n\n\n\n<p>BGO has three projects underway in the state\u2014in Tampa and Jacksonville. The company\u2019s portfolio includes more than 70 cold storage assets purchased or under construction.<\/p>\n\n\n\n<p>This week, <a href=\"https:\/\/www.commercialsearch.com\/news\/venture-one-bgo-get-underway-on-long-island-cold-storage-facility\/\">BGO Cold Chain started construction on Venture Park Cold at ISP<\/a> in Long Island, N.Y., in partnership with Venture One. In September, it <a href=\"https:\/\/www.commercialsearch.com\/news\/cold-storage-warehouse-coming-to-kansas-city\/\">broke ground on a facility in Kansas City<\/a>, Mo., which will be mostly occupied by Flora Food Group.<\/p>\n\n\n\n<p>In late 2023, BGO served as equity partner in the recapitalization of a nearly <a href=\"https:\/\/www.commercialsearch.com\/news\/saxum-bgo-recapitalize-1-5-msf-cold-storage-portfolio\/\" target=\"_blank\" rel=\"noreferrer noopener\">1.5 million-square-foot cold storage portfolio<\/a>, together with Saxum Real Estate. The six facilities are in major distribution hubs in the country and are mostly occupied by Arcadia Cold Storage &amp; Logistics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Truist Securities sold the fully occupied property.<\/p>\n","protected":false},"author":2991,"featured_media":1004736592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,1492,21742,32781],"tags":[46487,52263,32796,48350],"class_list":["post-1004736585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-miami","category-latest","category-southeast","tag-bentallgreenoak","tag-bgo","tag-jll","tag-truist-financial-corp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BGO Pays $60M for Miami Cold Storage Facility - 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