This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Texas Industries, Inc., And CBRE Group, Inc., Announces Completed Land Sale To Applied Natural Gas Fuels, Inc., At RailPort

Stocks in this article: TXI

DALLAS, March 18, 2014 (GLOBE NEWSWIRE) -- Dallas-based Texas Industries, Inc. (NYSE:TXI) and CBRE's Industrial Brokerage Services Group (NYSE:CBG) announced today the completed sale of 31 acres of land in TXI's RailPort Business Park in Midlothian, Texas, to Applied Natural Gas Fuels, Inc. (ANGF), the second largest producer and marketer of Liquefied Natural Gas (LNG) in the United States.

ANGF is based in Westlake Village, California, and has announced plans to build a multi-liquefier LNG production platform in Midlothian that will consist of up to five liquefiers with a production capacity of 86,000 LNG gallons per day per liquefier. Upon commissioning of all five liquefiers at the Midlothian Plant, ANGF's total production capacity will reach over 600,000 LNG gallons per day.

"ANGF's investment in Midlothian further validates RailPort and Ellis County as an ideal place to do business," said TXI Vice President of Real Estate, Barry Bone.

RailPort, located midway between Dallas and Fort Worth on U.S. 67 just south of U.S. 287, is a 1,700-acre business and industrial park that is serviced by both the Burlington Northern Santa Fe and Union Pacific railroads, affording companies located in the park the opportunity to obtain competitive freight rates.

"The rail and highway infrastructure, the ease of access to the Dallas/Fort Worth area, the availability of qualified labor, and the support for industry demonstrated by community leaders are all factors that continue to attract companies of this caliber and quality to the area," said Dave Anderson, Executive Vice President of CBRE Industrial Brokerage Services Group.

Completing the most comprehensive economic development package in the area, RailPort also offers the Freeport Tax Exemption, which gives taxing jurisdictions (city and school district) the authority to exempt taxes on goods that have been acquired in, or imported into, Texas to be forwarded out of the state within 175 days.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs