BoyarMiller Client Blackline Cold Storage Enters Houston Market By Building New Facility at the Port of Houston
HOUSTON (April 20, 2021) –BoyarMiller provided legal counsel to Blackline Cold Storage, LLC for its development, construction, and operation of a new 298,000-square-foot cold storage facility to be owned in partnership with Artemis Real Estate Partners at the Port of Houston. The facility will be located on a 36-acre site at Cedar Port Industrial Park.
BoyarMiller represented Blackline in the entire transaction including creation of the entity structure, joint venture with Artemis Real Estate Partners, project financing, lease agreements, and warehouse services agreements. Additionally, the firm negotiated the land acquisition and the design/build agreement with the Tippmann Group for construction of the property.
“This deal was a very important milestone for Blackline, and we could never have done it without the assistance and contributions of the entire BoyarMiller team,” said Blackline CEO Mike Day. “Their expertise, support, and hard work was great and helped us be successful across from some very large and big name firms to get the Houston Warehouse Deal developed and closed. Bill Boyar’s leadership was masterful, as always.”
The Blackline facility will be the newest large-scale cold storage facility at the Port of Houston and is on schedule to break ground in April 2021 and be operational within 12 months. Blackline has secured initial commitments for the facility and is currently engaged in discussions with other prospective clients who are interested in securing capacity in this modern, flexible, and strategically located facility.
“It was exciting to work on this project that represents Blackline’s entry to the Houston market,” said Co-founding Shareholder Bill Boyar. “The infrastructure of both the port and the city, supported by the growing temperature-controlled business, are strong platforms for Blackline’s success in Houston. We are proud to be part of it.”
Blackline Cold Storage is a subsidiary of Blackline Partners, LLC, an experienced private growth-oriented firm focused on the development and operation of large-scale logistics facilities that deliver innovative and efficient storage and handling solutions to its customers across North America. See blacklinecoldstorage.com for more information.
BoyarMiller is a mid-size Houston-based law firm that advances client business goals by bringing new possibilities into focus with confidence and clarity to achieve extraordinary outcomes. Since 1990, we have been providing practical and smart business solutions. Our firm is comprised of two practice groups—business law and litigation—and we serve multinational companies, middle-market businesses, and entrepreneurs in need of collaborative and strategic representation. See boyarmiller.com for more information.