The Brownsville Herald
Steve Clark – Published Thursday, February 2, 2017
Denver-based OmniTRAX, which runs the Brownsville & Rio Grande International Railway at the Port of Brownsville and is charged with development the ports 1,200- acre GEOTRAC Industrial Hub, has signed a deal for construction for Class- warehouse space on 200-acre parcel.
The agreement with Majestic Realty Co. the country’s largest privately held industrial developer and owner of master-planned business parks, was announced on January 31.
OmniTRAX, an affiliate of The Broe Group and one of the largest privately help transportation service companies in North America, said the anticipated development of up to 2.8 million square feet over the next 15 years is expected to attract a diversity of companies –particularly wholesale distributors –that will create jobs and help grow the Rio Grande Valley’s economy.
OmniTRAX describes the GEOTRAC industrial park as a “strategic relationship” between itself and the port with the goal of “developing thousands of acres for a world-class commercial center.”
With its railroad infrastructure connecting the port to the rest of the United States, the land is well stuited for light and heavy manufacturing logistics, energy services an export/import warehousing the company said.
Tony Manos, OmniTRAX senior vice president of industrial development said the Brownsville area is undergoing a commercial resurgence due to its “first-class infrastructure”, proximity to Mexico and access to the Gulf.
“OmniTRAX and Majestic Realty, with the support of the (port), are set to provide companies with the capabilities needed to successfully service their clients in south Texas and around the world,“ he said.
Brett Tremaine, Majestic Realty’s senior vice president and director of acquisitions and development, said his company is “bullish on South Texas” and looking forward to developing Brownsville’s first Class-A warehouse park.
The warehouses will provide companies with overweight-truck access to and from Mexico, deep-water access and direct connection to multiple Class I rail carriers, he said.
Port Chairman John Wood called the deal with Majestic Realty “a great example of the type of relationship we envisioned when we entered the public private partnership with OmniTRAX.”
Port commissioners in 2014 approve a 30-year franchise agreement with OmniTRAX that gave it control over the port’s short-line railroad and required the company to invest at least $8.5 million in developing and marketing an industrial park.