Texas Industries, Inc., and CBRE Group, Inc., Announces Completed Land Sale to Applied Natural Gas Fuels, Inc., at RailPort
18 Março 2014 - 10:31AM
Dallas-based Texas Industries, Inc. (NYSE:TXI) and CBRE's
Industrial Brokerage Services Group (NYSE:CBG) announced today the
completed sale of 31 acres of land in TXI's RailPort Business Park
in Midlothian, Texas, to Applied Natural Gas Fuels, Inc. (ANGF),
the second largest producer and marketer of Liquefied Natural Gas
(LNG) in the United States.
ANGF is based in Westlake Village, California, and has announced
plans to build a multi-liquefier LNG production platform in
Midlothian that will consist of up to five liquefiers with a
production capacity of 86,000 LNG gallons per day per liquefier.
Upon commissioning of all five liquefiers at the Midlothian Plant,
ANGF's total production capacity will reach over 600,000 LNG
gallons per day.
"ANGF's investment in Midlothian further validates RailPort and
Ellis County as an ideal place to do business," said TXI Vice
President of Real Estate, Barry Bone.
RailPort, located midway between Dallas and Fort Worth on U.S.
67 just south of U.S. 287, is a 1,700-acre business and industrial
park that is serviced by both the Burlington Northern Santa Fe and
Union Pacific railroads, affording companies located in the park
the opportunity to obtain competitive freight rates.
"The rail and highway infrastructure, the ease of access to the
Dallas/Fort Worth area, the availability of qualified labor, and
the support for industry demonstrated by community leaders are all
factors that continue to attract companies of this caliber and
quality to the area," said Dave Anderson, Executive Vice President
of CBRE Industrial Brokerage Services Group.
Completing the most comprehensive economic development package
in the area, RailPort also offers the Freeport Tax Exemption, which
gives taxing jurisdictions (city and school district) the authority
to exempt taxes on goods that have been acquired in, or imported
into, Texas to be forwarded out of the state within 175 days.
"By transforming gas from its material state into liquefied
natural gas, ANGF can deliver efficiently from RailPort's strategic
location to the D/FW area," Bone said. "LNG is clean,
reliable, and abundant, and is a meaningful step toward improving
our environment."
At the time of the sale, other tenants of RailPort include
Target, GDF Suez, QuickTrip, Toys"R"Us and the recently announced
Buckley Oil Company.
Dave Anderson, with CBRE in Dallas, represented the
seller. The buyer was represented by Brandi McDonald, with
Newmark Grubb Knight Frank, in Houston, Texas.
Certain statements contained in this press release are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are
subject to risks, uncertainties and other factors, which could
cause actual results to differ materially from future results
expressed or implied by such forward-looking statements. Potential
risks and uncertainties include, but are not limited to, the impact
of competitive pressures and changing economic and financial
conditions on our business, the cyclical and seasonal nature of our
business, the level of construction activity in our markets,
abnormal periods of inclement weather, unexpected periods of
equipment downtime, unexpected operational difficulties, changes in
the cost of raw materials, fuel and energy, changes in the cost or
availability of transportation, changes in interest rates, the
timing and amount of federal, state and local funding for
infrastructure, delays in announced capacity expansions, ongoing
volatility and uncertainty in the capital or credit markets, the
impact of environmental laws, regulations and claims and changes in
governmental and public policy, and the risks and uncertainties
described in our reports on Forms 10-K, 10-Q and 8-K.
Forward-looking statements speak only as of the date hereof, and we
assume no obligation to publicly update such statements.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500
company headquartered in Los Angeles, is the world's largest
commercial real estate services and investment firm (in terms of
2012 revenue). The Company has approximately 37,000 employees
(excluding affiliates), and serves real estate owners, investors
and occupiers through more than 300 offices (excluding affiliates)
worldwide. CBRE offers strategic advice and execution for property
sales and leasing; corporate services; property, facilities and
project management; mortgage banking; appraisal and valuation;
development services; investment management; and research and
consulting. Please visit our website at www.cbre.com.
About Texas Industries, Inc.
TXI is the largest producer of cement in Texas and a major
cement producer in California. TXI is also a major supplier of
construction aggregate, ready-mix concrete and concrete
products. Please visit our website at www.txi.com.
CONTACT: David S. Perkins
Vice President - Environmental, Government and Public Affairs
Direct 972.647.3911 E-mail dperkins@txi.com
Texas Industries (NYSE:TXI)
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