Railway Interchange 2017 Product News
Progressive Railroading

RAIL EMPLOYMENT
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry


All fields are required.





Rail News Home Rail Industry Trends

12/21/2010



Rail News: Rail Industry Trends

Watco acquires Gulf Coast industrial park


Watco Cos. L.L.C. has acquired the remaining interest in Greens Port Industrial Park (GPIP) in Houston from a real estate developer and other limited partners.

Watco has owned a minority stake in GPIP since 2004, when the park was acquired from AK Steel. Watco — which provides rail, transload, switching and mechanical services at GPIP — bought the remaining interest from Houston developer Charles Iupe and other partners.

"Watco views Greens Port as a strategic transportation location and this acquisition will further solidify our presence in the Gulf Coast’s busiest corridor," said Dan Smith, Watco vice president, in a prepared statement.

GPIP is the largest private, multi-tenant intermodal industrial park in the Gulf Coast, according to Watco. The 640-acre park is near the Houston ship channel and offers warehousing, lay-down storage, industrial property leasing, contract stevedoring, rail and truck services. The park features four rail yards that can store up to 1,200 rail cars.


Contact Progressive Railroading editorial staff.

More News from 12/21/2010