February 10, 2020 [Jacksonville Business Journal] – Keystone Terminals purchases the 39.5 acre waterfront terminal near the Tallyrand terminal from Norfolk Southern for $8 million.
The deal closed on Jan. 31.
Norfolk Southern will continue servicing the site, the railroad already services the adjacent Keystone property.
The property has some siloed containers and liquid bulk containers that will likely be torn down, said Guy Preston, executive director at Colliers International Logistics and Transportation Solutions Group. Colliers represented Norfolk Southern in the transaction.
It was a direct sale to Keystone with no one representing the terminal on the buyer’s side.
Keystone is one of several private terminal operators in the harbor neighboring Jaxport. Robert Peek, Jaxport’s director of marketing and general manager of business development, said the terminal won’t likely have a large impact on the port because Keystone focuses on a different product mix.
Keystone handles mostly dry bulk products and aggregates, while the port is focused on containers, autos and break bulk.
Keystone did not respond to request for comment.
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