Brownsville’s first Class-A warehouse park is in the works after OmniTRAX, Inc. landed an agreement with Majestic Realty Co. to develop the project on a 200-acre parcel within the GEOTRAC Industrial Hub at the Port of Brownsville.
The development of up to 2.8-million square feet during 15 years is expected to attract diverse companies, particularly wholesale distributors, to the region, driving job creation and helping to grow the economy in the Rio Grande Valley.
“The area around Brownsville is going through a commercial resurgence due to its proximity to Mexico, access to the Gulf and first class infrastructure,” said Tony Manos, senior vice president of Industrial Development for OmniTRAX. “OmniTRAX and Majestic Realty, with the support of the Port of Brownsville, are set to provide companies with the capabilities needed to successfully service their clients in south Texas and around the world.”
The GEOTRAC Industrial hub’s multi modal capabilities make the warehouse park an attractive and successful venture for Majestic Realty.
“These warehouses will provide companies with the benefit of deep water access and direct connections to multiple Class-I rail carriers, in addition to overweight truck access to and from Mexico. This creates a unique ability to ship products almost anywhere at affordable rates,” said Majestic Realty Co. Senior Vice President and Director of Acquisitions and Development Brett Tremaine.
In 2014, the port signed a strategic partnership with OmniTRAX to operate the Brownsville & Rio Grande International Railway and develop the GEOTRAC Industrial Hub (GIH). The GIH park features more than 1,400 acres of land suitable for light and heavy manufacturing, logistics, energy services, technology development and export/import warehousing. OmniTRAX is one of the largest, privately-held transportation service companies in North America and an affiliate of The Broe Group.
“This venture with Majestic Realty is a great example of the type of relationship we envisioned when we entered into the public private partnership with OmniTRAX. We look forward to collaborating with our partners to achieve growth and success for the Port and the community,” said John Wood, Chairman of the Brownsville Navigation District.
Majestic Realty Co. is the largest, privately-held industrial developer and owner of master-planned business parks in the United States.