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Rail News: Logistics

BNSF Logistics facility sold in Texas Gulf region

Macquarie Corporate and Asset Finance, a division of Macquarie Group, has closed on the sale of a BNSF Logistics LLC facility in Dayton, Texas, to funds managed by CRIC2 Funds LLC.

The 4,700-car rail logistics facility serves the area's petrochemical industry, and is fully leased to BNSF Railway Co. through 2034.

Macquarie will remain the owner and proposed developer of the 1,500-acre Gulf Inland Logistics Park next to the BNSF facility to the east and west, according to a Macquarie press release.

The park's rail-served land has access to BNSF and Union Pacific Railroad on the Baytown Branch line.

The sale of the BNSF Logistics facility is a milestone in the park's business plan, according to Marcus Goering, the park's president.

"It enables us to focus our efforts going forward on developing our rail-served real estate at the Gulf Inland Logistics Park into a world-class destination for businesses in the growing Gulf region," said Goering in a statement.

Contact Progressive Railroading editorial staff.

More News from 3/19/2015