Texarkana, AR-TX, March 22, 2018– TexAmericas Center’s Board of Directors approved agreement documents with Lionchase Holdings, INC., a privately-held asset management firm, at its board meeting on Tuesday, February 27. Lionchase Holdings, Inc., has agreed to build a 200,000-square foot cold storage facility on TexAmericas Center (TAC), one of the largest mixed-use industrial parks in the United States with over 12,000 acres. The project is expected to create a minimum of 100 permanent, full-time jobs and a bring a minimum of $20 Million investment.
“This cold storage project will result in good jobs for the greater Texarkana region,” said Boyd Sartin, Chairman of the TexAmericas Center Board of Directors. “TexAmericas Center is remaining focused on the organization’s vision to create 12,000 jobs for this region, and we are excited to take another big step towards this goal.”
Lionchase Holdings’ proposal includes a state-of-the-art cold storage facility with Frigitek and energy-saving technologies. Building features include 55’ ceilings, over 135,000 of refrigeration and freezer floor space, dry storage, blast freezing, pre-cooling, and 3PL processing and packaging services. The facility will serve the public and managed by cold storage industry specialists.
“The exciting element of this cold storage project is the spurred interest it will create among other linked industries within the food processing cluster who need access to cold storage supply chain services,” said Scott Norton, Executive Director / CEO for TexAmericas Center. “We anticipate that this development will attract additional leads from food processors, manufacturers, and distributors to locate to the greater Texarkana region.”
Ken Brown, the managing partner of Lionchase Holdings, INC., toured the TexAmericas Center property in November and chose a site on the TAC East Campus at 650 Lamar Street. The project and the site visit was a direct result of Eric Voyles, Executive Vice President and Chief Economic Development Officer for TexAmericas Center, marketing the property at the 2017 Business Facilities executive conference, LiveXchange.
“We have focused on increasing our marketing efforts during the past year; As a result, we have seen an increase in leads and site visits to the footprint. Our next step in moving this project forward will be to market the available cold storage space to businesses and highlight our concept for a 500 Acre TexAmericas Center Food Processing Park.” Eric Voyles, Executive Vice President / CEO for TexAmericas Center
Construction of the cold storage facility is slated to start this fall with a planned completion timeline of 18 months for the new facility. The anticipated start of Operations will be by December 31, 2019. Lionchase, represented by Chris Copenhaver, SIOR with Cushman and Wakefield, is a leading global real estate services firm. Mr. Copenhaver, who is the North American Co-Lead for the Food & Beverage Advisory Practice Group within the Logistics & Industrial Services Platform of Cushman & Wakefield, has begun marketing efforts to pre-lease the cold storage facility. Interested companies should contact Mr. Copenhaver directly at the Atlanta office. Additionally, TexAmericas Center will initiate an email campaign focused on a targeted list of companies and other location advisors within the cold storage supply chain and site selection industries.