Rail Roundup: CenterPoint, G&W provide development updates

A photograph of a Genesee & Wyoming train.CenterPoint acquires Houston-area distribution facility

Industrial real estate developer CenterPoint Properties has acquired a rail-served distribution facility that has access to three railroads via the Port Terminal Railroad Association: Union Pacific (NYSE: UNP), BNSF (NYSE: BRK) and Kansas City Southern (NYSE: KSU). 

The facility sits on 31 acres in Pasadena, Texas. It is a Class A, 601,261-square-foot building. The property has six rail spurs that can serve railcar storage capacity, and it...

https://www.freightwaves.com/news/rail-roundup:-centerpoint-g;w-provide-development-updates

Port of Oakland proceeds with major project

Port of Oakland Commissioners have approved the final permit associated with one of the most anticipated industrial developments in Port history. They voted last week to approve a vertical permit – industrial vernacular for a building construction permit – at a long-awaited Seaport Logistics Complex.

The developer, CenterPoint Properties, began preparation and ground stabilization work on its 27-acre site over the last nine months and is actively engaged in construction on the 460,000...

https://container-news.com/port-oakland-proceeds-with-keystone-project/

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