Westmount using expertise to meet demand for cold storage in North Texas
DALLAS, Sept. 18, 2017 – Westmount Realty Capital is raising the roof of Logistics Pointe Garland by 15 feet to maximize cold storage space. The renovation of this 90,000-square-foot in-fill cold storage facility will allow the tenant, The Kraft Heinz Company, to quickly transport cold goods to retail and/or consumers.
“This year, we have made significant improvements to the property, including raising the roof 15 feet, upgrading the sprinkler system and installing a heated floor to allow for greater cold storage capabilities,” said Clifford Booth, president and CEO of Westmount. “These renovations have made the property a fierce competitor in North Texas’ revitalized industrial market, which we describe as ‘urban logistics.’”
Logistics Pointe Garland, located at 2600 McCree Road in Garland, was originally built as a large-scale grocery distribution center. The complex includes three buildings totaling 1.1 million square feet of space. The property currently has 298,119 square feet of freezer/cooler space, 608,435 square feet of dry warehouse space and 192,139 square feet of free-standing warehouse. The property also has substantial trailer storage, rail service by DGNP and employee parking, offering a competitive advantage.
“Conversion of urban logistics facilities to meet current cold storage requirements is complex and can take up to six months to complete,” added Booth. “However, Westmount has had more than a decade of successful experience with these projects and as the demand for cold storage is rising, we are finding these types of highly specialized spaces to be a valuable investment.”
The Kraft Heinz Company, which announced their lease of Logistics Pointe Garland in June, plans to move into the newly renovated space in September. The company is the fifth-largest food and beverage company in the world, with eight $1 billion brands. A globally trusted producer of delicious foods, The Kraft Heinz Company provides high quality, great taste and nutrition for all eating occasions whether at home, in restaurants or on the go.
About Westmount Realty Capital
Westmount Realty Capital, LLC is a time-tested, privately held, Dallas-based commercial real estate company that has achieved exceptional performance, with a core team in place, for more than 30 years. Westmount is seen as an innovator and leading edge company in the industry and is a trusted operating partner of numerous U.S. and foreign institutional and private capital sources. The company is active nationally, specializing in value add and opportunistic investments, and has navigated successfully through multiple market cycles. For additional information, contact www.westmountrc.com.
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