Construction of Alaska Cold Storage Project Expected to Begin This Fall
A $200-million cargo and cold storage facility at Ted Stevens Anchorage International Airport that’s projected to take two to three years to complete, is now expected to begin construction in the autumn, a year later than initially anticipated.
The exact start of construction depends on when permitting is approved and all negotiations with tenants have been completed.
The joint venture of McKinley Capital Management LLC in Anchorage and Los Angeles industrialist Chad Brownstein should be in a position to break ground this fall, but it depends on having an anchor tenant ready to go, according to Joe Jacobson, vice president of private equity for McKinley Alaska Private Investment. Brownstein is the founder of Rocky Mountain Resources, which has amassed an industrial portfolio throughout...