Blacklands subsidiary to operate New Mexico rail park

RIO Real Estate Investment Opportunities LLC has signed an agreement with Blacklands Railroad subsidiary Black Gold Terminals to manage operations at the Central New Mexico Rail Park that's slated to open soon in Los Lunas, New Mexico.

Black Gold Terminals provides transload services, including on-demand switching, loading and unloading services. In May, the subsidiary opened a transloading and storage terminal at the Northern Nevada Railport and Logistics Center in Fernley, Nevada. Black Gold Terminals also operates a facility in Odessa, Texas.

The 1,420-acre rail park is served by BNSF Railway Co. and is located along the Class I's Los Angeles-to-Chicago Transcon line. The park is near interstates 125 and 140, and New Mexico Highway 6.

"The unique opportunity of this location is the access to the major rail and interstate infrastructure, the proximity to BNSF's fueling facility in Belen, New Mexico, and the location in the BNSF network to serve major markets in the southwest United States," RIO Real Estate officials state on the company's website.