OmniTRAX and Effingham County Industrial Development Authority Launch Public/Private Partnership to Develop Land Near Savannah
By Business Wire News
By Business Wire News
OmniTRAX, Inc., one of the largest privately held transportation services companies in North America and an affiliate of The Broe Group, and the Effingham County Industrial Development Authority (ECIDA) are developing a 2,700-acre tract near Rincon, GA. The Savannah Gateway Industrial Hub, located 12 miles from the Port of Savannah and served by the CSX and Norfolk Southern railroads, is expected to attract manufacturers, processors, distributors and others.
“The Savannah market is growing rapidly, supported by the fourth busiest port in the nation. This is a perfect opportunity for OmniTRAX to supply the capabilities and experience gained at our other industrial development sites to create a world-class business park. We’re delighted to be working with John Henry and his team to bring growth to the region,” said Kevin Shuba, Chief Executive Officer of OmniTRAX.
Under the arrangement, which is going through due diligence by both parties, ECIDA is contributing the land to Savannah Gateway Industrial Hub and OmniTRAX will provide capital for infrastructure including a rail system to connect the tenants to the Class 1 operators, development expertise and marketing services. Benefits for companies locating at the new site include proximity to one of the country’s leading ports, the flexibility of dual rail service, an educated and productive work force and the flexibility to purchase or lease a parcel.
“This is a true partnership for Effingham County that will bring thousands of high quality jobs and economic growth to the community. OmniTRAX has a proven track record from several other locations around the country for creating the infrastructure required to attract great companies to our site,” said John Henry, CEO of ECIDA.
ECIDA had sought a development partner for the property, formerly known as the Research Forest, for several years. OmniTRAX was approached early last year to determine interest, the two entities quickly learned they shared a common development goal for the property and began discussions in mid-2015.
OmniTRAX has drafted a tentative master plan for the park that will allow for several phases of development and will ultimately provide in excess of 1,800 acres of industrial property including a single user mega site. The company has developed other large scale projects including the Great Western Industrial Park, a 3,000 acre, dual-rail served facility north of Denver, CO, and the GEOTRAC Industrial Hub, a 1,400 acre rail served facility at the Port of Brownsville, Texas.
OmniTRAX is one of America’s largest short line railroad holding companies offering bundled services including terminal and switching, door-to-door container/transloading, processing, fueling, storage and maintenance. The company also has successful industrial development and marketing experience, a rarity for rail operators, and currently services many Fortune 500 companies.
“OmniTRAX’s success in rail operations were a real attraction to us, the size and dual-rail nature of this site is what truly gives it potential to be a stand-alone premium site in the Southeast. We knew in order to capitalize on the site’s potential we had to find a partner that took the rail into consideration. Rail operators that also develop industrial property are few and far between. Given the success that they have had in Colorado and elsewhere we found a respect for the company,” Henry added.
About Effingham County Industrial Development Authority
The Effingham County Industrial Development Authority is a governmental Economic Development Organization created to promote trade and industry in Effingham County, Georgia. For more information please visit www.effinghamindustry.com.
About OmniTRAX, Inc.
As one of North America’s largest private railroad and transportation management companies, OmniTRAX’s core capabilities range from providing management services to railroad and port services and to intermodal and industrial switching operations. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at www.omnitrax.com.
About The Broe Group
The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion dollar asset base. The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.
Ronald Margulis, +1 908-337-0020