Upcoming area Class-A warehouse park expected to be big drive to local economy
A Class-A warehouse park is coming to a 200-acre parcel at the GEOTRAC Industrial Hub at the Port of Brownsville. According to the port, OmniTRAX Inc. and Majestic Realty Co. will develop up to 2.8-million square feet during 15 years. It is expected to attract diverse companies, particularly wholesale distributors.
“These warehouses will provide companies with the benefit of deep water access and direct connections to multiple Class-I rail carriers, in addition to overweight truck access to and from Mexico. This creates a unique ability to ship products almost anywhere at affordable rates,” said Majestic Realty Co. Senior Vice President and Director of Acquisitions and Development Brett Tremaine.
Majestic Realty Co. is the largest, privately-held industrial developer and owner of master-planned business parks in the United States.
In 2014, the port signed a strategic partnership with OmniTRAX to operate the Brownsville and Rio Grande International Railway. The partnership also allows OmniTRAX to develop the GEOTRAC Industrial Hub. The GIH park features more than 1,400 acres of land. The area is suitable for light and heavy manufacturing, logistics, energy services, technology development and export/import warehousing. OmniTRAX is one of the largest, privately-held transportation service companies in North America and an affiliate of The Broe Group.
“This venture with Majestic Realty is a great example of the type of relationship we envisioned when we entered into the public private partnership with OmniTRAX. We look forward to collaborating with our partners to achieve growth and success for the Port and the community,” said John Wood, chairman of the Brownsville Navigation District.