BG Capital, FreezPak Logistics to Build $120M Cold Storage Facility in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — Philadelphia-based BG Capital and New Jersey-based FreezPak Logistics have purchased a 20.5-acre development site at 8730 Somers Road in Jacksonville for $11.2 million. The duo plan to develop an approximately $120 million cold storage facility spanning 272,400 square feet at the site, which is located near JaxPort’s Talleyrand and Dames Point terminals.

The property, dubbed FreezPak Jacksonville, will feature 34 loading docks, 132 trailer parking stalls, 90 container plug-ins and 194 car parking spots. The facility will offer 56,000 pallet positions in the freezer space spanning 211,517 square feet and the cooler dock spanning 40,480 square feet. Users will have access to blast freezing, cross-docking, transportation, repacking, overseas container plug-in and USDA and FDA compliance at the facility, as well as a fleet of 42 robots installed by FreezPak’s robotic division.

BG Capital and FreezPak plan to break ground on the Jacksonville project in the first quarter of 2023 and deliver in first-quarter 2024. FreezPak has another Florida development in the works, FreezPak Miami, which is set to open in December.

BG Capital has partnered with FreezPak Logistics to build and own more than $3 billion of cold storage projects in seaport markets around the country. The duo’s first enterprise is a project in Philadelphia’s Port Richmond neighborhood that will commence later in the third quarter. Under terms of the arrangement, FreezPak will take a long-term, triple-net lease at new builds upon completion.

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