Verde Realty Completes Rail in Santa Teresa Intermodal Park

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Verde Corporate Realty Services announced that construction has been completed on 4,283 feet of new railroad track and new switch in Verde Santa Teresa Intermodal Park in Santa Teresa, NM. The track and switch will service the master-planned park's first phase totaling 118 acres.

The development of Verde's Intermodal Park is a critical step in servicing the increased demand by local and national manufacturers, suppliers, and distributors to efficiently transport goods from coast-to-coast and service clients in Mexico.

Verde Corporate Realty Services announced that construction has been completed on 4,283 feet of new railroad track and new switch in Verde Santa Teresa Intermodal Park in Santa Teresa, NM. The track and switch will service the master-planned park's first phase totaling 118 acres.

Verde Santa Teresa Intermodal Park is a 1,221 acre master-planned, rail-served industrial park that can accommodate user requirements from 5 acres to 200 acres. When fully-built out, the park will have five rail spurs directly connected to the Union Pacific Main Line. The park provides a further benefit to users in that it is located within Foreign-Trade Zone No. 197.

The Verde Santa Teresa Intermodal Park is the only facility of its kind in the region capable of fulfilling transloading, cross-border trailer staging and build-to-suit requirements. Construction of the new Foxconn Technology Group manufacturing facility in San Jerónimo, Mexico, that is located immediately adjacent to Santa Teresa, and Union Pacific's plans to build new facilities in Santa Teresa will generate meaningful economic activity in the area and incremental demand for rail served facilities. This park will address the needs that will arise from this activity.

Foxconn, the trade name for Taiwan-based Hon Hai Precision Industry Company Ltd., began construction in July 2008 on a 440-acre manufacturing campus which will eventually employ 20,000 workers. The project's first phase, a 650,000-square-foot facility, is scheduled to open in March 2009 and employ 5,300 workers making computers, laptops and other electronic equipment for a variety of companies. Foxconn is an electronics manufacturing giant that makes products for Apple, Nokia, HP, Motorola, Dell, and Sony, among others, and more cell phones than any other firm in the world.

Union Pacific plans to initially invest $150 million in a 934-acre fueling, switching and intermodal yard to be completed between 2010 and 2014. Once complete, it will be the largest fueling and intermodal facility on the U.S.-Mexico border. When fully operational, the Union Pacific facility will employ 280 people.

In addition to Union Pacific's investment, Verde Corporate Realty Services' Director of Business Development, Jay Kleberg said, "The development of Verde's Intermodal Park is a critical step in servicing the increased demand by local and national manufacturers, suppliers, and distributors to efficiently transport goods from coast-to-coast and service clients in Mexico."

Kleberg went on to note that, "The Park's location, five miles from the Santa Teresa Port of Entry, the new Foxconn campus in San Jerónimo and Union Pacific's new refueling and intermodal yard is ideal for transportation providers and suppliers doing business in Mexico. Verde has had numerous inquiries about the availability of rail-served land and build-to-suit capabilities, and we look forward to accommodating the corporate real estate requirements of our customers."

Verde Corporate Realty Services is a leading owner/operator of corporate facilities throughout the United States/Northern Mexico border region. Verde's team of experienced bi-cultural professionals provides real estate services from the design/ build phase through subsequent years of facility operation.

For more information, visit http://www.verdecrs.com/intermodal.

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