en.Wedoany.com Reported - Boomerang Industrial has announced that site work has commenced for the STX Frio project in Schertz, Texas, a 325,274-square-foot speculative cold storage facility. STX Frio, a joint venture between Boomerang and Marble Capital, is designed to accommodate a variety of cold storage uses, including frozen, refrigerated, food processing and manufacturing, and food distribution. Boomerang expects to complete delivery in the fourth quarter of 2027.
Beau Bellow, co-founder and managing partner of Boomerang, stated that the team has been studying the demand for modern cold storage space in Central Texas since 2021. Given the region's strong population growth, both realized and anticipated, STX Frio is positioned to meet the increasing need for first-generation cold storage space.
Located at 22218 FM 2252 on 25 acres, STX Frio is less than half a mile from Interstate 35, a corridor generating $1.2 trillion in GDP. The site provides access to both the San Antonio and Austin markets, two of the fastest-growing cities in the U.S., whose combined metropolitan statistical area ranks among the top ten nationally. Boomerang expects STX Frio to also benefit from its proximity to the Port of Laredo, the largest inland port and third-largest port of entry in the U.S. by trade volume.
Adam Allen, co-founder and managing principal of Marble, noted that the average age of cold storage facilities in the U.S. is 37 years, and modern, well-located assets like STX Frio are exactly what the I-35 corridor needs to keep pace with population growth and food distribution in Central Texas. Allen praised Boomerang's discipline and execution in this sector.
ARCO Design/Build is responsible for the design and construction of STX Frio. The facility is designed to offer tenants exceptional flexibility, featuring 50-foot clear-height warehouses, 80-foot-deep refrigerated dock areas, 42 dock positions with vertical storage hydraulic dock equipment, full LED lighting, a Tyco Quell dry fire sprinkler system, a 200-foot-deep truck parking area, 68 trailer parking spaces, and ample car parking. STX Frio can accommodate a single tenant or be divided into two- or three-tenant layouts. Eric Safko, president of ARCO, stated that the project represents a partnership built on collaboration, humility, and trust, aimed at finding the best and most flexible solution for potential cold storage users.
JLL, led by Tim O'Rourke, Kevin Griffiths, Sage Rheinschild, Alcide Longoria, and Mark Krenger, is handling leasing for STX Frio. Tim O'Rourke, executive managing director at JLL, noted that the project is located along the I-35 corridor in the heart of the Texas Triangle, providing access to major population centers, cross-border trade, and key food distribution networks. This development will introduce new cold storage capacity to a market with aging inventory, meeting the demand for efficient, high-performance cold chain infrastructure. A JLL team led by Will Mogk arranged the financing for STX Frio.
Boomerang Industrial is a Houston-based real estate company focused on the acquisition, management, and development of cold storage industrial assets. It provides cold storage solutions to underserved markets through speculative development, build-to-suit projects, and joint venture opportunities, targeting third-party logistics providers, food wholesalers, food retailers, food manufacturers, pharmaceuticals, and floral industries that utilize cold storage.
Marble Capital, founded in 2016, manages $3.3 billion in assets and provides capital solutions to real estate developers and operators across the U.S. It has invested in approximately 60,000 multifamily units, with transactions totaling $14 billion. Its management team brings a combined 150 years of experience in real estate finance, capital markets, development, and operations.
ARCO Design/Build is a national design-build firm with over 50 offices and more than 1,800 employees nationwide, offering fully integrated design, engineering, and construction services across industries including aerospace and defense, aviation, mission-critical, manufacturing, life sciences, cold storage, e-commerce, and warehouse distribution. The company is 100% employee-owned through an employee stock ownership plan.
