Kansas City Southern recently announced a joint-venture with NorthPoint Development to plan and develop the 220-acre Wylie Logistics Park located at the KCS' David L. Starling Wylie Intermodal Terminal. The Wylie Economic Development Corporation is looking forward to supporting this partnership and assisting in potentially bringing 2 million-square-feet of new development along Hwy. 78, resulting in new jobs and additional tax revenue for the City of Wylie.
“We look forward to the opportunity to work with both KCS and NorthPoint on this exciting project,” said Mayor Matthew Porter. “The added taxable value and job creation will really bolster our local economy.“
“The City and Wylie EDC staff will begin scheduling initial meetings in the coming weeks,” added City Manager Chris Holsted, who also remembers the expansion of the Intermodal Terminal. “We’ve talked about the possible development for several years, but we look forward to making this a reality in 2021.”
Wylie EDC staff will coordinate meetings with the City of Wylie and representatives from KCS and NorthPoint as they move throughout the process. Updates will be provided as they are made available.
Press Release Below:
Kansas City Southern and NorthPoint Development to Develop 220-Acre Wylie Logistics Park in Texas
January 20, 2021
Kansas City, Mo., January 20, 2021. Kansas City Southern (KCS) (NYSE: KSU) announced today that it has entered into a joint agreement with NorthPoint Development to develop the master planned Wylie Logistics Park in Wylie, Texas, located adjacent to KCS’ David L. Starling Wylie Intermodal Terminal.
The Wylie Logistics Park offers 2.4 million square feet of potential building capacity for traditional warehousing and distribution; industrial grade amenities; dual feed electrical system with redundant power; as well as a heavy-haul road network comprised of direct access to Highway 78 and the interstate system, air and seaports, and a state-of-the-art intermodal terminal.
“KCS is pleased to enter into this agreement with NorthPoint Development for the Wylie Logistics Park,” said KCS vice president chemical and energy products Ginger Adamiak, who also leads the company’s industrial development team. “Wylie is part of the Dallas metro area, the fourth fastest growing industrial market in the U.S., and Wylie offers a business-friendly environment, low taxes and a double free port exemption.”
"We are extremely bullish on the opportunities that the Wylie Logistics Park offers,” said NorthPoint Development president/founding partner Chad Meyer. “Wylie is a supportive, pro-business municipality partnering with a unique Class I intermodal facility that has the best direct connectivity to the growing east coast ports. Couple this with exceptional demographics from an eCommerce demand and the great labor pool that this development requires and you have all of the ingredients for a very successful project."
KCS’ Wylie Intermodal Terminal opened in 2015 and expanded in 2018. It now offers track capacity of 19,000 feet and annual lift capacity of 342,000, resulting in fluid and efficient availability of containers and improved on-time arrivals and departures. The terminal also boasts 1,800-wheeled parking spaces (with room to expand); 300 container stack spots; an Automated Gate System (AGS) with high definition imagery; optical character recognition and biometric driver identification; enhanced traffic signals and specific turn lanes.
“The Wylie Logistics Park is ideal for customers looking to combine logistics and real estate in one location,” said KCS vice president intermodal and automotive Rodrigo Flores. “Locating in the park will provide tenants and customers significant cost savings by reducing drayage from ramp to facility and providing quick access to the regional interstate network. Customers will also enjoy the environmental benefits of intermodal transportation and connectivity to other intermodal and port facilities on KCS’ U.S. and Mexico rail network.”
Interested parties are encouraged to learn more by watching the Wylie Logistics Park video or contacting Chris Carucci at 816-983-1544 or ccarucci@kcsouthern.com or Chad Meyer at 816-888-7380 or cmeyer@northpointkc.com.
Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com
Please follow this link to the original press release on the KCS website.