Lionchase Holdings, Inc., has agreed to build a 200,000-square foot cold storage facility on TexAmericas Center.
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 sf of refrigeration and freezer floor space, dry storage, blast freezing, pre-cooling, and 3PL processing and packaging services. The facility will service the public and be professionally 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, 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 site visit was a direct result from 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 really 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 / CEDO for TexAmericas Center.
Construction for 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.