BNSF granted acreage to build Dallas intermodal facility
The Allen Group, a nationwide developer of logistics parks and commercial properties said Wednesday it has formalized an agreement granting BNSF Railway Co. the right to purchase land within the Dallas Logistics Hub as the next step in evaluating the possibility of a new intermodal facility at the location.
Under terms of the agreement, BNSF has the option to purchase from 387 to 530 acres of land within the Dallas Logistics Hub for construction of an intermodal facility. The site under consideration fronts 8,000 feet of BNSF track in the City of Dallas and represents a portion of the 2.5 miles of BNSF track frontage located within the Dallas Logistics Hub.
'We are pleased to finalize this agreement providing BNSF Railway the opportunity to possibly extend its intermodal network with a facility at the Dallas Logistics Hub,' said Edward Romanov, president and chief operating officer of the Allen Group, in a statement. 'If BNSF uses its option and constructs an intermodal facility here, it would be the first logistics park in North America to house two intermodal facilities operated by the two largest U.S. freight rail carriers.'
The Dallas Logistics Hub is a 6,000-acre master-planned logistics park located in Southern Dallas County, with 60 million square feet of development potential and rail-ground-air access.