Liberty Development Partners, a joint effort between Connor Investment Real Estate and Logistics and Development Resources, today announced the acquisition of CMC Railroad and Gulf Inland Logistics Park, a 1,158-acre rail served industrial park. Adjacent to Gulf Inland Logistics Park a recent 200-acre acquisition by the partnership will expand the park’s capacity to serve the increasing demand for rail served industrial sites. Gulf Inland Logistics Park features immediate access to the Grand Parkway and US Highway 90 as well as the two largest US Class I Railroads, the BNSF Railway and the Union Pacific Railroad.
Trez Capital provided a $66.5 million loan for acquisition of CMC Railroad and the land to facilitate development of the first phase of the project to transform the logistics park into a world-class manufacturing, distribution, storage, and transportation hub for industrial companies. Cushman & Wakefield represented Liberty Development Partners in the acquisition of the property and will lead marketing efforts and provide brokerage and advisory services for Gulf Inland Logistics Park.
The strategic location at the intersection of the Grand Parkway and US Highway 90 provides nearby access to Interstate 10, Interstate 59, Interstate 45 and State Highway 146. Gulf Inland Logistics Park is located within 100 miles of five Texas ports – Houston, Beaumont, Port Arthur, Galveston, and Freeport. One of the few dual rail served sites available in the region, Gulf Inland Logistics Park provides an excellent site for logistics, transportation, and manufacturing businesses to locate and grow their business.
CMC Railroad has worked closely with the City of Dayton and Liberty County to establish a Tax Increment Reinvestment Zone for the site. The first phase of improvements includes the creation of the Municipal Utility District No. 9, drainage improvements and regional detention, a benefit to incoming industrial tenants. The first phase of improvements will also include the expansion of Stilson Road to 41 feet wide with full concrete to accommodate heavy haul trucks and to improve Gulf Inland’s connection to Highway 90. Utilities including water, sewer, and fiber have already been connected to Gulf Inland Logistics Park through Stilson Road.
The next phase of development will include expanding rail storage capacity by up to 2,700 storage spaces through CMC Railroad and widening and improving Rolke Road to the same standards as Stilson Road providing Gulf Inland Logistics Park a second connection to US Highway 90.
The team of John Littman, Kelley Parker, and Coe Parker of Cushman & Wakefield coordinated the acquisition with Liberty Development Partners.