The Allen Group and BNSF Railway Company are Negotiating for a Site Option at the Dallas Logistics Hub
SAN DIEGO, California (November 3, 2006) The Allen Group, a major developer of logistics parks, industrial and office properties throughout the United States, announced today that it is working with BNSF Railway Company (BNSF) to secure an option for the purchase of several hundred acres within the Dallas Logistics Hub for the potential construction and operation of an intermodal facility.
The Site under consideration fronts on 8,000 lineal 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. The option term would be for a period of 18 months, during which time BNSF would conduct due diligence and market analysis for the feasibility of the potential intermodal facility.
“We are very pleased to be working with BNSF to offer this site within the Dallas Logistics Hub for the potential expansion of their intermodal network,” said Richard Allen, Chief Executive Officer of The Allen Group.
A subsidiary of Burlington Northern Santa Fe Corporation (NYSE:BNI), BNSF Railway operates one of the largest North American rail networks with about 32,000 route miles in 28 states and two Canadian provinces. The BNSF Railway is among the world’s top transporters of intermodal traffic.
The Dallas Logistics Hub, developed by The Allen Group, is a 6,000 acre master-planned logistics park located in Southern Dallas County. With 60 million square feet of development potential and comprehensive rail-ground-air access, the Dallas Logistics Hub will serve as a major inland port for the distribution of goods to the major population centers of the Central and Eastern United States.
The Allen Group is a commercial development firm specializing in rail-served industrial parks and build-to-suit facilities, including Class A office buildings and large scale distribution centers. The Company has over 8,000 acres under development. The Allen Group has developed over one billion dollars in projects ranging in size from 35,000 to 1.7 million square feet. Current developments include the International Trade and Transportation Center (www.ittc.com); MidState 99 Distribution Center (www.midstate99.com), both in Central California; the Dallas Logistics Hub (www.dallashub.com); and recently announced – a new BNSF Intermodal logistics hub in Kansas City. For more information about The Allen Group, please visit www.allengroup.com.