New York, July 30, 2026 – BGO and Yukon Real Estate Partners announced the sale of New Century Cold Storage, a newly built 291,000-square-foot, plant-attached, rail-served cold storage warehouse in New Century, Kansas, to a MetLife Investment Management client. The facility, owned and co-developed through a joint venture between BGO and Yukon, was purpose-built as a plant-attached, build-to-suit warehouse for CJ Logistics America.
"New Century Cold Storage is a strong example of BGO's cold storage investment thesis in action: institutional capital, specialized development execution, and a critical asset backed by long-term food logistics demand," said Kevin Rivest, Managing Partner, BGO. “Modern, high-performance cold storage real estate has become critical backbone infrastructure for American industry. With its purpose-built design, strategic location, and direct integration with food production and logistics operations, we believe this facility will make a meaningful contribution to the strength and resilience of U.S. food supply chains for decades to come.”
“This project reflects what is possible when a strong tenant relationship, a sophisticated logistics requirement, and the right public-sector partnership come together around a purpose-built solution,” said Mark Winter-Gitelson, Principal and President of Yukon Real Estate Partners. “We are proud to have helped deliver a modern cold storage facility at New Century AirCenter that leverages the region’s transportation and logistics infrastructure, and creates long-term value for Johnson County, its workers, and its taxpayers,” added Axel Anderson, Head of Development at Yukon.
The New Century facility is located within Johnson County Airport Commission’s New Century AirCenter industrial park, with a direct rail spur to the building and access to the BNSF Railway transcontinental intermodal facility. The property is positioned less than four miles from Interstate 35, providing over-the-road reach to approximately 85% of the U.S. population within two days.
BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients, and had, together with Bell Partners Inc., which was acquired by Sun Life and combined with BGO on July 2, 2026, approximately US$100 billion of assets under management (as of March 31, 2026) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in more than 25 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.
For more information, please visit www.bgo.com
Yukon Real Estate Partners is a fully integrated real estate investment and development company focused on developing and acquiring cold storage and food logistics-related assets. As a first mover in modern cold storage development, Yukon identified a significant shortage in supply coupled with rising demand for cold storage space among users of varying sizes and stages of growth. To address this imbalance, Yukon set out to bolster America’s food supply chain by constructing new state-of-the-art projects and renovating and modernizing existing food logistics facilities. As an industry leader focusing on tenant and customer partnerships and cold storage advocacy, Yukon provides comprehensive expertise in site search, selection, due diligence, design and construction, along with cold storage user advisory through its affiliated company, FindColdStorage.com. Founded in 2018, Yukon Real Estate Partners is headquartered in Austin, Texas with offices in New Jersey. For more information, visit yrep.com or email info@yrep.com.
Media Contact:
Rahim Ladha
Global Head of Communications, BGO
media@bgo.com