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Ti Cold Development Announces Strategic Real Estate Partnership with BentallGreenOak
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MELBOURNE, Fla., April 23, 2021 /PRNewswire/ Ti Cold Development, a division of the nationally recognized leader in cold storage design and construction, Tippmann Innovation, announced that global real estate investment manager BentallGreenOak (BGO) has committed to providing capital to fund real estate development in all of Ti Cold Development s land positions. BGO has been a leader in the development and acquisition of cold storage assets in North America, Europe and Asia for over 5 years. BGO s equity commitment to Ti Cold Development will support the construction and development of state-of-the-art cold storage assets in multiple Ti Cold Development markets in the US and Canada.
Ti Cold Development - Cold Storage Facility Site Plan - Reno, NV
Upon completion, this facility will boast nearly 255,000 sq. ft. of storage space, 40,000 pallet positions, and a 41,000 sq. ft. refrigerated dock. This facility is immediately available to take advantage of both leasing and build-to-suit opportunities. We are very excited to develop this cold storage facility in the Tahoe Reno Industrial Center. Our new Reno facility offers some very distinct strategic advantages in that it is located to serve 80% of the California market within a day truck drive and is due east of the Port of Oakland in support of e-commerce needs. With proximity to Sacramento as well as the State of California at large this location will further enhance the cold chain and our partner customers in cold, said Rob Adams, Principal at Ti Cold Development.