OmniTRAX Affiliate Sells Land for Sand Springs Public Safety Facility

DENVER & SAND SPRINGS, Okla.--()--Sheffield Crossing 1, LLC, a managed affiliate of OmniTRAX, Inc., one of the largest privately held transportation service companies in North America and an affiliate of The Broe Group, is selling a 10-acre lot in its recently acquired site to the City of Sand Springs, Okla. Located southwest of downtown Sand Springs, the site will be used for municipal public safety services including a fire department substation.

“We support all of the communities where we have operations and our team members live. The opportunity to provide a location for the new Sand Springs Public Safety Facility is a huge win for all of us,” said Kevin Shuba, CEO of OmniTRAX, Inc.

An OmniTRAX affiliate purchased the Sand Springs Railway Company and the adjacent 146-acre former steel mill site from Gerdau in 2014 and is developing the property for mixed use, including industrial, retail, office and transportation/ logistics. Working collaboratively with Sand Springs, OmniTRAX is in conversations with various companies to build a retail development along Highway 97.

“The City of Sand Springs is pleased OmniTRAX has purchased the Gerdau property and we look forward to working together to spur job growth and bring development at this location. We are very encouraged by conversations with OmniTRAX regarding economic development, specifically utilizing a portion of the property for a retail district. Their suggestion to make a site available for public safety shows what great community partners they are,” said Sand Springs Mayor Mike Burdge.

Sand Springs Police Chief Mike Carter added; “The site of our new Public Safety Facility will provide much better response times for emergency calls and will limit any inconvenience to residential areas. The facility and the expected development by OmniTRAX also allows us to redefine and transform the neighborhood into an attractive, safe area for our citizens and visitors.”

About OmniTRAX, Inc.

As one of North America’s largest private railroad and transportation management companies, OmniTRAX's core capabilities range from providing management services to railroad and port companies and to intermodal and industrial switching operations. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at www.omnitrax.com.

About The Broe Group

The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion dollar asset base. The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.

Contacts

Media:
RAM Communications
Ronald Margulis, +1-908-272-3930
ron@rampr.com

Release Summary

Sheffield Crossing 1, LLC, a managed affiliate of OmniTRAX, Inc.,is selling a 10-acre lot in its recently acquired site to Sand Springs, OK for a public safety services facility

Contacts

Media:
RAM Communications
Ronald Margulis, +1-908-272-3930
ron@rampr.com