TexAmericas Center’s Board of Directors approved agreement documents with Lionchase Holdings, INC., a privately-held asset management firm, at its board meeting on Tuesday, February 27th. Lionchase Holdings, Inc., has agreed to build a 200,000-square foot cold storage facility on TexAmericas Center (TAC), one of the largest mixed use industrial parks in the United States with over 12,000 acres. The project is expected to create a minimum of 100 permanent, full-time jobs and a bring a minimum of $20 Million investment.
TexAmericas Center’s Board of Directors approved a lease for a new tenant, 4X Industrial, LLC, and a lease modification for THTS, INC., at its board meeting on Tuesday, February 27th. 4X Industrial, LLC, headquartered in Greeley, Colorado, will occupy 1,400 square feet of office space and 2 acres of hardstand on TexAmericas Center’s East Campus. The lease commences on March 1, 2018. THTS, INC., headquartered in Texarkana, Texas, is an existing tenant leasing office space and ground on the TAC East campus at 201 Bowie Parkway, Hooks, Texas, 75561. The current leased office space is approximately 7,254 square feet and the additional leased ground is approximately 0.5 acres.
The TexAmericas Center Board of Directors and staff are pleased to announce the recent hire of Jeff Whitten, who has joined the TexAmericas Center team as the Vice President of Operations. In his new role, Whitten will be responsible for day-to-day operations, property management & maintenance, procurement, planning and management of building retrofits and new construction, and for the management of all real and personal property as it relates to the activities of TexAmericas Center.
TexAmericas Center (TAC) has seen a 14.5% overall increase in employment amongst its’ tenants over the past 5 years and is proud to report the addition of 113 jobs to the area this year. TAC completes an annual census of current tenants and businesses located on their Central, East, and West campuses (excluding the Red River Army Depot) to evaluate employment growth. The 2017 census ultimately revealed an overall $14.2 million annual payroll for the 26 tenants/businesses located on TAC’s combined footprint.
Results from a regional analysis conducted by McCarthy/Blansett Group (MBG), based in Colorado, demonstrates an urgent demand for the Texarkana region to move forward immediately in establishing a regional economic development program. MBG was selected through a competitive procurement process as part of the Office of Economic Adjustment (OEA) grant, awarded to Workforce Solutions Northeast Texas. The Project Assessment and Alignment Report further includes these relative findings to support the call to action: (1) The Texarkana Chamber of Commerce has continued to demonstrate excellent performance and leadership for over a century and should house the effort; (2) The history of parochialism amongst local leadership must be put aside for Texarkana to get on board with the success of regionalism—trending as the future of economic development; and (3) A healthy budget will be necessary to initiate and sustain a regional program.