NAI Partners Represents Trans-Global Solutions, Inc. in Marketing TGS Cedar Port Industrial Park - The Largest Master Plan Rail Served and Barge Served Industrial Park in the USA
Houston, Texas - February 23, 2015 - NAI Partners is pleased to announce their representation of Trans-Global Solutions, Inc. in the marketing of TGS Cedar Port Industrial Park, the largest master plan rail served and barge served industrial park in the USA.
TGS Cedar Port Industrial Park is located in Baytown, Texas and is owned by Trans-Global, Solutions, Inc. out of Beaumont, Texas, The park has direct access to both the Union Pacific Railroad and BNSF Railway. The park is located across the Houston Ship Channel from the Barbours Cut and Bayport container terminals. Texas Highway 99 also runs through the park.
Chambers County Improvement District No.1 allows TGS Cedar Port to have a public bonding entity provide tax exempt financing for road, pipelines, sewer/water treatment plants, utility infrastructure, and rail and barge development.
TGS Cedar Port Industrial Park comprises +/- 15,000 prime acres with utilities and an industrial and commercial transportation infrastructure, 11,079 acres of which is available for sale or lease.
The newly named TGS Cedar Port Industrial Park, formerly known as Cedar Crossing Industrial Park, is beginning to embark upon what will prove to be a formidable capital improvement plan.
James Scott, President of Construction & Maintenance for Trans-Global Solutions, Inc. states, “we are in process of initiating a $22 million expansion which will be completed by the end of 2015. Among the scheduled improvements, here are but a few of many which will take place including two additional 9,000 foot interchange railroad tracks which will be constructed on the north end of the property from the CWA canal to south of the 99 Grand Parkway overpass. The two tracks are currently under construction and will be completed 4th qtr 2015. These tracks will open up over 4,000 acres around the industrial park for future rail served customers. By adding the interchange railroad track, we will be able to alleviate much of the congestion and increase capacity. The rail infrastructure upgrade project will also increase the capacity of the existing railroad tracks to 286,000 pound loaded railcars from the 263,000 standard. Project will be complete 2nd qtr 2015.”
According to Will Scott, President of Operations & Leasing with Trans-Global Solutions, Inc., “TGS is a leading regional rail car and locomotive storage company, handling over 500,000 units per year in our customers’ plants as well as our own TGS storage yard in TGS Cedar Port Industrial Park. By adding 200 additional railcar storage spots, which are currently under construction and will be complete 2nd qtr 2015, and with an additional 200 car spots planned to be completed 4th qtr 2015, this further demonstrates our large-scale ability and efficiency which will further ensures maximum customer satisfaction.”
James Scott adds “a 150-acre mass-grading project is under construction and will be complete in the 2nd quarter of 2015. The project will open up 150 acres of property for users and will have rail service, heavy haul road, barge dock and all utilities to the site. Also, there is going to be additional heavy haul road construction from FM 1405 straight to the barge dock road. This will allow additional heavy haul access from FM 1405 to the barge dock.”
TGS Cedar Port Industrial Park’s multi-modal transportation offer an unequaled opportunity in transportation, storage and manufacturing and has attracted global companies such as Walmart (4.2 million square foot import distribution facility), Borusan Mannesmann steel pipe manufacturer, Home Depot, JSW Steel, Tapco Enpro, Century Asphalt and GE Water & Process Technologies to name just a few.
Due to the new ownership's capital commitments to expand the current rail and water infrastructure, TGS Cedar Port Industrial Park is already in discussions with several national industrial developers to build rail-served spec construction and crane-served spec construction within the park and the possibility of future terminal developments.
“Previously you had a lot of land and rail, but the capacity was not there to build out," said Will Scott, who adds that the prime location is ripe for development. "All of it is tied to logistics. Our job is to put the infrastructure in place so that real estate is advantaged.”
Additionally, with the Panama Canal expansion and current land constraints within the Port of Houston market, the site is ideally located to capture future rail, distribution and terminal expansion requirements in the region.
The plastics manufacturer expansions are one of many industries and commodity groups that TGS Cedar Port supports via rail, barge, and warehouse packaging logistics infrastructure at TGS Cedar Port. Will Scott states, “the following expansions have already been publically announced, Chevron Phillips in Sweeny, Dow in Freeport, Formosa Plastics in Point Comfort, Lyondellbasell in La Porte and ExxonMobil in Baytown just to name a few.”
John Ferruzzo, SIOR Industrial Partner with NAI Partners, the firm charged with marketing the park, states “This is a long-term "legacy" listing for our firm and we have NAI Global’s full support to market the park on a national and global level”. NAI Partners is already underway in their marketing efforts and currently has one large site under contract and 20 active requirements looking at sites within Park.