BGFP International, which is a strategic partnership between BG Capital, Saoud Development and FreezPak Logistics, announced June 4 it has secured $72 million in funding from Valley National Bank, the Israel Discount Bank of New York and Nuveen Green Capital to develop a 275,000-square-foot cold storage facility in Jacksonville.
Construction is underway and expected to be completed in November 2024.
The city issued a permit Jan. 16 for FreezPak Logistics to build a 274,692-square-foot cold-storage facility in North Jacksonville at a project cost of $48.88 million.