FreezPak and BG Capital have joined forces to construct $1 billion worth of new cold storage facilities in port-centric communities. Their latest venture involves the acquisition of 30 acres at TGS Cedar Port Industrial Park near Baytown for a total cost of $9 million. The two companies are investing $120 million into the construction of a 281,849 square foot warehouse that will be leased by FreezPak upon completion in mid-2024. This structure has 67 feet clear height with 408,213 square feet designated as freezer space and 110,142 square feet as temperature-controlled cooler dockage area. A second 262,000 sq ft warehouse is planned to follow after stabilization on the first building is complete.
TGS Cedar Port Industrial Park stands out among industrial parks across America due to its size; it spans 15,000 acres with 11k available for development purposes only accessible via rail or barge transportation methods making it an ideal location for this joint venture’s project plans
