BentallGreenOak Acquisition of North Houston Cold Storage Facility

United States

Deal value: $54,000,000

BentallGreenOak acquired a 210,000 SF cold storage facility in North Houston, TX, featuring 28-foot clear heights and advanced temperature-controlled zones for food and pharmaceutical logistics.

BentallGreenOak’s acquisition of the North Houston cold storage facility is driven by the surging demand for temperature-controlled logistics, fueled by resilient food consumption, growth in e-commerce grocery, and increased pharmaceutical cold chain needs. The investment thesis centers on the belief that cold storage is a defensive, cycle-resilient asset class with long-term, inelastic demand and limited modern supply. The timing reflects both structural supply shortages and the strategic imperative to expand BGO’s cold chain footprint in key logistics hubs.