JLL Capital Markets announced today that it has closed the sale of Cold Creek Solutions Denton, a 374,560-square-foot Class A cold storage warehouse in Denton, Texas.
JLL represented the seller, Cold Creek Solutions, in the sale to an institutional buyer.
The recently completed building is approximately 50% leased to Southwest Warehouse Services. Cold Creek Solutions Denton features 45-foot clear heights for the warehouse space and a cold dock clear height of 28 feet, allowing for approximately 60,000 pallet positions, multi-tenanted space use and flexible temperature functionality. The project includes 53 dock positions with three ramps, 85 trailer parking spaces and 147 car parking spaces. The property consists of 306,240 square feet of freezer/cold storage, a 59,320-square-foot refrigerated dock and 9,000 square feet of office space.
Cold Creek Solutions Denton is positioned on approximately 23 acres at 6651 N Interstate 35 in the rapidly growing Denton Industrial submarket, which is in the northern part of the Dallas-Fort Worth MSA. The property sits adjacent to I-35, US-77, US-380 and Loop 288 providing excellent access to major U.S. east-west and north-south thoroughfares. As a result, the property has convenient access to some of the fastest growing parts of the DFW metroplex, including Frisco, McKinney, Allen and Prosper to the north and Alliance Airport and north Fort Worth to the west.
The JLL Capital Markets Industrial team representing the seller was led by Senior Managing Directors Dustin Volz and Stephen Bailey, Director Dom Espinosa, Associate Wells Waller and Analyst Cole Sutter.