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2/22/2023
Port Tampa Bay’s board of commissioners has approved a 40-year lease agreement with Tradepoint Tampa for 35 acres as the site of a new transload warehouse distribution facility.
Tradepoint Tampa is owned by Redwood Holdings, which also owns Tradepoint Atlantic, the operator of a 3,300-acre multimodal logistics and industrial center at Sparrows Point in Baltimore.
Under the lease agreement's terms, Tradepoint Tampa will design, construct and operate a 500,000-square-foot facility for transloading cargo between ocean containers, trucks and rail cars. The port is served by CSX.
The facility will be located adjacent to the port’s container terminal, which is undergoing an expansion involving additional paved storage, cranes, a new gate complex and on-dock cold storage facility.
"This new facility will provide greater efficiencies and capacity for our beneficial cargo owner customers," said Port Tampa Bay President and CEO Paul Anderson in a press release.
Redwood Holdings/Tradepoint Atlantic shares the port’s strategic perspective, said Tradepoint Atlantic Managing Director Kerry Doyle.
"We see huge opportunities at Port Tampa Bay, and are excited to be making this investment that will drive cargo, create jobs and generate economic growth throughout the state," he said.