The TexAmericas Center has ranked 5th in the top U.S. Industrial Parks according to Business Facilities Magazine. This is the third year that TexAmericas has ranked in the Top 10 of all Industrial Parks in the United States.
Press Release:
TexAmericas Center is pleased to announce it has earned recognition as the No. 5 best industrial park in the U.S. by Business Facilities’ 18th Rankings Report, an annual assessment of economic development leaders. This is the third year in a row TexAmericas Center has ranked in the top 10.
The category for industrial parks reflects the increasing recognition of their importance to the growth of small- and middle-sized enterprises and weighs the size, space availability, shovel readiness, growth potential, and unique assets in order to rank facilities. The factors taken into consideration for this ranking include size, recent expansions, growth potential, and unique assets such as water resources, on-site utilities, and residential development for industrial park employees.
“We’re thrilled to receive this honor. What’s even more rewarding at TexAmericas Center, though, is when we can see our tenants and partners grow,” said Scott Norton, CEO and executive director at TexAmericas Center. “We will always look for ways to be the best industrial park to our tenants – when they succeed, so does TexAmericas Center.”
TexAmericas Center, which just celebrated its 25th anniversary of servicing markets in Arkansas, Louisiana, Oklahoma, and Texas, is as a catalyst of economic investment in the Texarkana region. Its 12,000 acres of development-ready land and 3.5 million square feet of space is fully entitled, providing potential tenants of specialized industries options that would be difficult or cost-prohibitive to secure in other regions.
The organization has 41 corporate citizens on the property, including seven property owners and 34 renters. The growth in the number companies on the property represents a 105 percent increase since 2014, while the amount of leased space has increased by 79 percent.
In the past year, TexAmericas Center has added rail services to its portfolio of offerings. Now, 11 businesses are taking advantage of transload, rail car storage and movement services on the TexAmericas Center footprint. Additionally, six companies have signed on to use TAC 3PL, a service line that was launched in 2020. Services include inventory management, warehousing, and fulfillment needs.
Among its newest offerings is a 150,000-square-foot speculative building on 24 acres. The multi-tenant, mixed-use facility has 32-foot clear height ceilings, one dock door per 5,000 square feet, and two drive-in doors. The building can subdivide down to 13,000-square-foot units as needed. Upon completion of the building, TexAmericas Center has quickly turned its attention to build-to-suit offerings.
While TexAmericas Center boasts easy interstate, rail, fiber, and air access, it also has low rates for taxes, labor, and its electricity, natural gas, and fiber utilities. A priority has been to build strong partnerships with the region’s leading educational institutions to help create a solid foundation of available skilled employees that will make the region and its sites appealing to prospective businesses. These factors, coupled with the organization’s reputation as problem-solvers and partners in mixed-use industrial development, has led to three years of ranking as a top 10 industrial park in the U.S.
“The past three years have not been easy for manufacturers as they have been faced with unprecedented disruptions. As an industrial park, we recognize the support, guidance and cost-savings we can provide to our tenants to help them succeed. Receiving this recognition during such tumultuous times is a testament to our dedication to helping businesses,” Norton said. “TexAmericas Center’s focus on continuous growth, constant improvement, and ongoing innovation has become the foundation that allows our tenants’ profitability to soar.”
A diversity of industries successfully operates from TexAmericas Center, including defense, transportation equipment, oil and gas pipe, warehousing, construction, trucking, and food additive and supplement manufacturing. The industrial park is a designated U.S. Opportunity Zone, HUBZone, Foreign Trade Zone, and State of Texas Enterprise Zone.
About TexAmericas Center
Located on the Texas side of the Texarkana metropolitan area, TexAmericas Center owns and operates one of the largest mixed-use industrial parks in the United States. With roughly 12,000 development-ready acres of land and approximately 3.5 million square feet of commercial and industrial product, TexAmericas Center services four states (Arkansas, Louisiana, Oklahoma, and Texas).
For three consecutive years, Business Facilities magazine has ranked TexAmericas Center among the top 10 industrial parks in the country. Tenants appreciate an impressive transportation corridor that uses multiple state highways, interstates, air freight, and rail lines to disperse from a central U.S. location. In fact, seven rail lines converge on the Texarkana region TexAmericas Center is host to an on-site rail yard and has over 30 miles of rail running through its properties. TAC Rail services include transload as well as rail car storage and movement.
TexAmericas Center also offers third-party logistics (3PL) services to assist companies with inventory management, warehousing, and fulfillment needs. The organization recently completed construction on a 150,000-square-foot, state-of the-art speculative building and has the capability to lease, build-to-suit, or facilitate greenfield owner-constructed projects in a timely efficient manner.
It is a designated US Opportunity Zone, HUBZone, New Market Tax Credit Census Tract, Foreign Trade Zone #258, and a Texas Enterprise Zone. TexAmericas Center has the operating capabilities of a municipality but functions like a traditional real estate development company, offering customized real estate solutions. For more information about TexAmericas Center, visit texamericascenter.com.
