SD Project Lands $33M Construction Financing

The industrial development, a cold storage facility containing more than 200,000 square feet, may be expanded to a total of 800,000 square feet in the future.

Exterior rendering of the Win Chill facility in Sioux Falls, S.D.
Exterior rendering of the Win Chill facility in Sioux Falls, S.D.

Dougherty Funding has closed a $32.6 million construction loan for a 205,000-square-foot industrial building under construction on the north side of Sioux Falls, S.D. The build-to-suit project for Win Chill, which will sit on 54 acres of the 820-acre Foundation Park industrial development area, broke ground in June 2017. Tippmann Innovation, a specialized cold storage developer, anticipates the property will be complete in spring this year.

Located northwest of the intersection of interstates 29 and 90, the rail-served frozen and cold storage facility is anticipated to serve food wholesalers and manufacturers throughout South Dakota, Nebraska, Minnesota and Iowa. The building will feature a 50-foot clear height, a blast freezing system, 16 loading doors and three rail doors. The development site offers room for future expansion to a total size of more than 800,000 square feet. 

Tippman is working alongside Gil Haugan Construction, a local Sioux Falls-based contractor, to construct the facility. Upon completion, the building will employ an estimated 30 to 35 people.

Image courtesy of Tippman Innovation