Macquarie Sells BNSF Logistics Facility to Funds Managed by CRIC
17 März 2015 - 8:00PM
Business Wire
Macquarie Corporate and Asset Finance, a division of Macquarie
Group (“Macquarie”) today announced the closing of the sale of the
BNSF Logistics Facility to funds managed by CRIC2 Funds, LLC
(“CRIC”). The 4,700-car rail logistics facility located in Dayton,
Texas is fully leased to BNSF Railroad on a triple net lease that
runs through 2034 and supports the area’s robust petrochemical
industry.
Ethan Nessen, Managing Partner at CRIC, said: “We are excited to
have acquired this important net-leased asset. The long-term lease
with BNSF will provide a reliable and growing income stream to our
investors for years to come.”
Matthew Lancaster, Senior Managing Director at Macquarie, said:
“CRIC put forth a compelling value proposition to Macquarie and
were a pleasure for our team to work with. We felt comfortable
passing the stewardship of this important facility to CRIC given
their impressive track record as owners and managers of triple net
leased real estate.”
Following the sale, Macquarie will remain the owner and proposed
developer of the 1,500-acre Gulf Inland Logistics Park adjacent to
the BNSF Logistics Facility to the east and west.
Gulf Inland Logistics Park’s rail-served land has access to both
BNSF and Union Pacific on the Baytown Branch line and benefits from
direct frontage along US Highway 90 and Highway 146. Sites
available at Gulf Inland Logistics Park are ideally located for
industrial, logistics and manufacturing businesses that require
direct rail access.
Marcus Goering, President at Gulf Inland Logistics Park, said:
“The sale of the BNSF Logistics Facility marks an important
milestone in our overall business plan for the Gulf Inland
Logistics Park. 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.”
CB Richard Ellis served as Macquarie’s advisor on the
transaction. Bostonia Global Securities arranged financing for the
purchase on behalf of CRIC.
About CRIC2 Funds, LLC
CRIC2 Funds, LLC is an investor in creditworthy real estate. As
a principal, CRIC2 Funds, LLC has closed more than $6 billion of
single-tenant, net leased real estate, including office,
industrial, retail and special purpose properties since its
founding as Corporate Realty Capital in 1988.
About Macquarie Group
Macquarie Group (ASX:MQG)(ADR:MQBKY) is a global provider of
banking, financing, advisory, investment and fund management
services. Founded in 1969, Macquarie Group employs more than 14,100
people in 28 countries and has $372 billion in assets under
management at September 30, 2014. For more information, visit
www.macquarie.com.
About Gulf Inland Logistics Park
Gulf Inland Logistics Park is uniquely situated in the Gulf
transportation network to provide the most expedient access to the
nation’s highway and rail systems. Gulf Inland’s direct access to
US Highway 90 and Highway 146, as well as two Class I rail
carriers, the BNSF Railway and Union Pacific Railroad, provide
unmatched access to Houston, the Gulf, the nation and the globe.
Gulf Inland’s unmatched transportation capabilities provide
companies logistics solutions to meet the needs of today and
tomorrow. Web address: http://www.gulfinlandlogisticspark.com.
Macquarie GroupStephen Yan, +1 212-231-1310Corporate
Communicationsstephen.yan@macquarie.com
Macquarie (PK) (USOTC:MQBKY)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Macquarie (PK) (USOTC:MQBKY)
Historical Stock Chart
Von Jan 2024 bis Jan 2025
