BGO, a leading global real estate investment management firm and a leader in cold storage real estate, and Crawford Hoying, an Ohio-based full-service development, management, and construction company, are pleased to announce the successful sale of their state-of-the-art, LEED Gold-certified cold storage facility in Columbus, Ohio. The 179,000 SF speculative development was designed and delivered on-time and on-budget to meet the growing demand for high-quality, sustainable temperature-controlled logistics space. Completed in January 2025, the ensuing demand for the property reinforced its importance to ensuring efficient and reliable food distribution across the region, while enhancing the supply chain capabilities of one of the nation’s fastest-growing logistics hubs.
“The successful sale of this modern and sustainable cold storage facility highlights the strength of our collective capability to deliver best-in-class cold chain assets that meet the rapidly growing needs of today’s diverse occupiers. It also serves to validate the considerable conviction that we have held in the region and its continuing demand for long term cold chain infrastructure,” said Kevin Rivest, Managing Partner, and U.S. Head of BGO Cold Chain. “We want to thank our partners at Crawford Hoying—we could not be more excited about the building we delivered and are proud to have provided a facility that will support the critical supply chain needs of businesses in the region.”
“The success of this property provides further evidence of the value provided by our unique user-driven approach to delivering modern, energy-efficient cold storage solutions,” said Nelson Yoder, Principal, Crawford Hoying. “Our projects are playing a key role in strengthening regional and local cold supply chains by providing food manufacturers and distributors with the additional capacity, control, and cost savings they need now more than ever.”
Strategically located in the Columbus industrial corridor, the facility features cutting-edge refrigeration and storage technology to support modern food distribution. Built with sustainability and operational efficiency in mind, the facility integrates advanced insulation, energy-efficient systems, and a strategic layout to maximize pallet density while maintaining operational efficiency.
The general contractor for the project was Contegra Construction, and the leasing agent for the building was CBRE.
About BGO and BGO Cold Chain
BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with approximately $83 billion USD of assets under management (as of December 31, 2024) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 27 cities across thirteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.
BGO Cold Chain is the firm’s dedicated business line representing its global breadth of cold storage real estate investment management, asset management, and development activity on behalf of its institutional investors. BGO Cold Chain is amongst the largest cold storage investors in the world, with approximately 30 million square feet of transaction activity since 2015. Leveraging deep expertise in cold storage real estate, BGO Cold Chain has extensive experience in leading build-to-suit and speculative projects, with an established track-record for delivering high-performance, sustainable solutions.
The assets under management shown above include real estate equity and mortgage investments managed by the BGO group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.
For more information, please visit
www.bgo.com
About Crawford Hoying
Crawford Hoying is a full-service provider for each aspect of real estate development, management, construction and sales in today’s dynamic real estate market. At Crawford Hoying, the goal is to add value to each project while maintaining the highest level of integrity. The company’s diverse portfolio includes industrial distribution & advanced manufacturing, mixed-use, senior living and student housing, for-rent and for-sale residential, commercial and hotel. Crawford Hoying is active across the US with more than $3.5 billion in completed and active developments including the award-winning Bridge Park in Dublin, OH.To learn more about Crawford Hoying, visit
www.crawfordhoying.com.
