Business, Freight News, Logistics, Road

New Tradepoint Atlantic global logistics center signs first major real estate deal with FedEx Ground

[ January 26, 2016   //   ]

Tradepoint Atlantic announced on January 20 that FedEx Ground plans to locate a new 300,000-square-foot, state-of-the-art distribution facility at the new Tradepoint Atlantic global logistics center at Sparrows Point in Baltimore, MD.
The new facility is scheduled to open in August 2017 and is part of FedEx Ground’s ongoing nationwide network expansion plan that has resulted in the addition of 11 major hubs and the expansion of 500 other facilities since 2005.The new distribution facility will join two existing FedEx Ground stations in White Marsh and Halethorpe, enabling the company to continue to meet and exceed customer demands in the Baltimore area. At opening the facility is expected to employ about 150 combined full- and part-time employees with further workforce additions planned as necessary to support increased demand for service in the area.
“FedEx is the first of many global companies that will set up operations at the new tri-modal port facility at Tradepoint Atlantic,” said Michael Moore, CEO of Tradepoint Atlantic. “Having such a prestigious tenant sign a long term lease at the site demonstrates the economic impact Tradepoint Atlantic will have for the region.”
The distribution facility will be located at Sparrows Point in Southeastern Baltimore County, a 3,100-acre site that was formerly a Bethlehem Steel manufacturing plant and is in the process of becoming a major east coast logistics, manufacturing, and transportation hub. The FedEx Ground facility is being built on 50 acres of ground leased to developer Scannell Properties, which is developing the distribution facility for FedEx.
Tradepoint Atlantic features: a deep-water port, including a turning basin and 1,150-foot pier to accommodate heavy commodities; a short-line railroad which serves all of the property on the site and incorporates 100 miles of track connecting CSX and Norfolk Southern; immediate access to Interstate 695 (the Baltimore Beltway) providing easy connections to Interstate 95, I-70 and all major eastern U.S. population centers; close proximity to Baltimore/Washington International Thurgood Marshall Airport.

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