BROWNSVILLE, TX – OmniTRAX, Inc., one of the largest, privately-held transportation service companies in North America and an affiliate of The Broe Group, today announced an agreement with Majestic Realty Co., the nation’s largest, privately-held industrial developer and owner of master-planned business parks, to build Class-A warehouses on a 200-acre parcel within the GEOTRAC Industrial Hub at the Port of Brownsville, Texas.
The new relationship and anticipated development of up to 2.8-million square feet over 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.
GEOTRAC Industrial Hub is a strategic relationship between the Port of Brownsville and OmniTRAX that is developing thousands of acres for a world-class commercial center. The land, with infrastructure that connects the port to the rest of the United States via the Brownsville & Rio Grande International Railway, is well-suited for light and heavy manufacturing, logistics, energy services and export/import warehousing.
“The area around Brownsville is going through a commercial resurgence due to its proximity to Mexico, access to the Gulf and first class infrastructure. 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,” said Tony Manos, Senior Vice President of Industrial Development for OmniTRAX.
“Majestic Realty is bullish on South Texas and we’re excited about the opportunity to develop Brownsville’s first Class-A warehouse park in collaboration with OmniTRAX and the Port of Brownsville,” said Majestic Realty Co. Senior Vice President and Director of Acquisitions & Development, Brett Tremaine. “In addition to overweight truck access to and from Mexico, these warehouses will also provide companies with the benefit of deep water access and direct connections to multiple Class- I rail carriers, creating a unique ability to ship products almost anywhere at affordable rates.”
“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 Port of Brownsville.