LANCASTER, TX-Continuing toward the goal of developing a3,000-acre, rail-served industrial park on the southern fringes ofDallas County, Prime Rail Interests LLC bought 338acres from Sherman, TX-based American Bank ofTexas. The acreage will be added to the approximately2,300 acres in the same location Prime Rail Interests acquired fromAllen Group in December 2011.

The just-acquired property is on Pleasant Run Road and includestwo rail easements “We are assembling land to develop a 3,000-plusacre industrial business park with on-site rail service capability,providing sites for heavy manufacturing to technology anddistribution warehouses,” explains Michael Rader,Prime Rail Interests president, in a press release. "We are takingadvantage of the logistical attributes in the area: access to threeinterstate highways and two Tier I railways, not to mention anabundance of undeveloped land, to develop an area which hasremained relatively undeveloped as Dallas has grown primarily tothe north and to the west."

Tom Pearson, Chris Teesdale and WardRichmond of Colliers International’sSupply Chain Real Estate Advisors represented the seller in thistransaction. Colliers International is also working with Prime RailInterests to market its property.