(Read more on the industrial market.)
GEISMAR, LA-In an effort to expand its Gulf Coast operations,Kinder Morgan Energy Partners LP is building a terminal onground-leased land and has acquired another facility in Bridge Cityto add to its storage and transportation muscle. The combinedacquisition and expansion has a $41-million price tag.
A Kinder Morgan spokeswoman tells GlobeSt.com that the Geismarterminal will be built on land leased from Rubicon LLC, apolyurethane manufacturer that has a plant on the site. Therail-served terminal, which broke ground in the 9100 block of StateHwy. 75, will consist of a 140,000-sf warehouse as well as transferand packaging facilities to handle and store chemicals. Detailsabout the lease and amount of leased acreage weren't available. Theterminal, though, is slated for completion in fourth quarter2008.
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