The property, located west of Phoenix, is an existing trans-loading facility equipped with rail sidings, storage and truck loading for handling the firm's chemical products. It will be the main market distribution point for the company's EPA-registered OxEG Biodiesel fuel products.
The property, owned by Bulk Transportation, will give the firm a stronger presence in the area. "Putting our own production into this potentially lucrative market should allow for significant revenue generation from the Buckeye facility and complement the other facilities SSPC is developing as a business development company," Harrison A. McCoy, III, SSPC's president and CEO, said in a prepared statement. McCoy said the company anticipates further growth in the Nevada and Colorado regions, both within easy reach of the new facility.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.