Liberty Development Partners acquires Gulf Inland Logistics Park, CMC Railroad
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 the Gulf Inland Logistics Park, a recent acquisition of 200 acres by the partnership will expand the park’s ability to meet the growing demand for industrial sites served by rail. Gulf Inland Logistics Park offers immediate access to the Grand Parkway and US Highway 90 as well as the two largest US Class I railroads, the BNSF Railroad and the Union Pacific Railroad.
“For many years, Gulf Inland Logistics Park held great unrealized potential. This acquisition and funding will immediately transform the park into a valuable hub for the region’s transportation, industrial and manufacturing industries,” said Paul Connor, Principal of Connor Investment Real Estate, a Houston-based private equity real estate firm. focused on risk-mitigating investments. strategies in residential, industrial, commercial and ready-to-develop real estate development. “The Gulf Inland Logistics Park has the potential to bring more than $1 billion in private investment and up to 5,000 lifetime wage jobs to Liberty County and surrounding areas. We are moving forward and already have major improvement projects ready to kick off within the first 180 days of closing.
Trez Capital provided a $66.5 million loan for the acquisition of CMC Railroad and land to facilitate the development of the first phase of the project to transform the logistics park into a center for manufacturing, distribution, world-class storage and transportation 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.
“We are pleased to provide financing to Liberty Development Partners for the acquisition of CMC Railroad and Gulf Inland Logistics Park,” said John Sullivan, vice president of Trez Capital. “The industrial market is one of Houston’s strongest real estate sectors, with exponential demand and growth. This property – with its proximity to the Port of Houston, direct access to the mainline railroad operated by BNSF and Union Pacific, and the intersection of two major highways – is strategically positioned to meet current and future industrial demands.
The strategic location at the intersection of Grand Parkway and US Highway 90 provides close 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 railroad locations available in the region, Gulf Inland Logistics Park provides an excellent site for logistics, transportation and manufacturing companies to locate and grow their business.
“I have been involved in the project since 2008 and I am delighted to see the vision of Gulf Inland Logistics Park becoming a reality. The goal is to create a world-class planned industrial and railroad park that not only benefits the City of Dayton and Liberty County, but the entire region, by attracting global companies that will bring investment and jobs,” Marcus said. Goering, director of logistics and development resources. “I am thrilled with this partnership and the team we have assembled, and we look forward to executing the first phase of development and bringing new businesses to the site.”
CMC Railroad worked closely with the City of Dayton and Liberty County to establish a tax increase reinvestment area for the site. The first phase of improvements includes the creation of 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 trucks and to improve Gulf Inland’s connection to Highway 90. Utilities including the water, sewer and fiber, have already been connected to Gulf Inland. Logistics Park by Stilson Road.
The next phase of development will include the expansion of rail storage capacity to up to 2,700 storage spaces through CMC Railroad and the widening and improvement of 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.
“Gulf Inland Logistics Park’s strategic location for rail users close to the Houston shipping channel and port region, access to BNSF and Union Pacific rail services and networks, combined with the current strong industrial market and a The area’s very limited supply of rail-ready sites are all positive factors that will make the park a success,” said Littman of Cushman & Wakefield. “We are already working on a number of rail user transactions.”
About Liberty Development Partners
Liberty Development Partners is a joint effort between Connor Investment Real Estate and Logistics and Development Resources dedicated to financing and developing the Gulf Inland Logistics Park and future logistics, manufacturing and rail transportation projects. Paul Connor, director of Connor Investment Real Estate, has managed $1 billion in real estate investment and development since 2001. Marcus Goering, director of logistics and development resources, was president of CMC Railroad from 2010 to 2019 and has more than 35 years of experience experience in transport and real estate development. Together, they are working to transform Gulf Inland Logistics Park into a world-class logistics hub for businesses to grow their business and operations. For more information on Gulf Inland Logistics Park, visit http://www.gulfinlandlogisticspark.com/.
About logistics and development resources
Logistics & Development Resources brings decades of logistics and rail industry experience to your project. The company is focused on creating value for your business through innovation, dedication and over 30 years of experience. Logistics & Development Resources has the expertise to help you with your project, acquisition or operation to ensure its success.
About Connor Investment Real Estate
Connor Investment Real Estate invests in real estate and development with a focus on residential developer/builder financing and actively managed land bank investments that deliver consistently high gross returns for investment partnerships . The company targets undeveloped or early-stage parcels of land in planned communities, single-family lot developments, and undervalued multi-use parcels of land maturing for development within two to five years. Geographic targets vary by opportunity, but investments are focused on major metropolitan areas in Texas and Sunbelt states.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services company that delivers exceptional value to property occupiers and owners. Cushman & Wakefield is one of the largest real estate services companies with approximately 50,000 employees in over 400 offices and 60 countries. In 2021, the company had revenue of $9.4 billion in core services of property, facilities and project management, leasing, capital markets, assessment and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
About Trez Capital
Founded in 1997, Trez Capital is a diversified real estate investment firm and a preeminent provider of debt and equity commercial real estate financing solutions in Canada and the United States. Trez Capital offers strategies for private and institutional investors to invest in a variety of opportunistic, fully collateralized mortgage funds, syndications and joint ventures; and provides property developers with quick approvals on flexible short- and medium-term financing.
With offices across North America, Trez Corporate Group has over C$4 billion in assets under management and has funded over 1,600 transactions totaling over C$15 billion since its inception. The Dallas office has funded over $5.1 billion in loans. For more information, visit www.trezcapital.com. (*Trez Corporate Group AUM includes assets owned by all Trez-related entities as well as $2.8 billion of assets managed by the manager (Trez Capital Fund Management Limited Partnership)).