Construction of build-to-suit freezer/cooler project is underway with expected completion by August 2022
Colliers & CBRE announced today that Misfits Market, the fastest growing
online grocer that offers quality, sustainably sourced food at a value, has signed a lease for a new build-to-suit of a dedicated refrigerated warehouse in Fort Worth, Texas. The new facility located at 2101 Joel East Road will span 353,920 square feet of multi-temperature freezer and cooler space and is scheduled to be completed by the end of August 2022.
Brad Balke, Paul Boskovich, Mark Maguire, Nick Mascheroni, Tom Pearson, Justin Smutko, and Chris Teesdale of Colliers represented Misfits Market in the transaction. David Sours, Kevin Kelly, and Lucy Durbin of CBRE’s Food Facilities Group represented the developer.
“This highly specialized project will allow Misfits Market to start fresh in the Dallas/Fort Worth market with a building that perfectly suits their temperature needs, racking configuration, and order assembly requirements with a brand-new, efficient, refrigerated building,” according to Brad Balke of Colliers.
“The Misfits Market project required a custom approach to their nuanced refrigerated build. Up against increasing construction costs and material delays, the process had no room for error or learning curve for this custom, refrigerated build,” said David Sours of CBRE. “Demand continues to accelerate for food storage facilities in Dallas-Fort Worth, cementing its status as one of the largest distribution and logistics hubs in the country.”
Tom Pearson of Colliers explained that the location and configuration of the site were key to the site selection. “The site was well laid-out, immediately pad-ready, and presented a logistical advantage for Misfits Market with great access to I-35W and I-20. Despite the headwinds of the construction environment, we were able to deliver Misfits Market an exceptional site and development plan for its future operations in Fort Worth. DFW continues to be a magnet in attracting more companies seeking a central location, an expanding population base, a business friendly environment with incredible amenities that make our area a great place to live, work and play.”
Misfits Market is the fastest-growing grocery service in the U.S. that creates food access, not food
waste. The company delivers fresh organic produce, high-quality meats and seafood, sustainably sourced pantry staples, and other grocery items straight to your door at up to 40 percent off grocery store prices. Driven by its mission to bring affordable, quality food to more people, the company leverages direct relationships with growers and producers to reduce food waste at scale and eliminate inefficiencies in the food system. Founded in 2018 and headquartered in Delanco, New Jersey, the company added Texas to its growing list of states where it delivers when it entered the Dallas market in June, with plans to expand to the rest of the state this month.