OmniTRAX rail affiliate acquires Oklahoma mill site

OmniTRAX Inc. affiliate Sand Springs Railway Co. has acquired the Gerdau mill site in Sand Springs, Okla., the railroad and transportation management company announced today.

Sand Springs Holdings LLC purchased Sand Springs Railway in 2014, and since has been leasing portions of the 146-acre site. Part of the steel-making operations on the site will be demolished and the property will be developed for industrial, retail, office and transportation/logistics use, OmniTRAX officials said in a press release.

Financial terms of the acquisition were not disclosed.

"The mill site is a great location to attract tenants that require solid infrastructure, access to major transportation lanes and support from our top-rated development team," said OmniTRAX Chief Executive Officer Kevin Shuba. "It will also give us the opportunity to expand the local operation of OmniTRAX Logistics Services, our transloading, terminal and logistics solutions affiliate."

Sand Springs Railway provides freight service between Sand Springs and Tulsa, Okla.