CSX Transportation buys Eastern Associated Terminal

BUYER: CSX Transportation Inc., Jacksonville
SELLER: Eastern Associated Terminals Co. LLC
PROPERTY: east shore of Hillsborough Bay adjacent to the Port of Tampa, Tampa
PRICE: $16.11 million
LAW FIRM ON DEED: Holland & Knight LLP, Jacksonville

PLANS, DESCRIPTION: Jacksonville-based CSX Corp. purchased the Eastern Associated Terminal in Tampa from the Ingram Barge Co. for $16.11 million.

The phosphate export facility is adjacent to CSX Transportation Inc.'s Rockport terminal on Tampa Bay, and the combined entity will be called Rockport Terminals.

The 22-acre terminal features covered storage with a total capacity of 110,000 tons of dry phosphate chemicals and a 585-foot pier. It has the ability to load products onto ships or barges directly from rail cars using more than 11,000 feet of belt conveyors.

The property has a maximum throughput of 7 million tons a year.

Shantel Johnson-Davis, who has led CSX's phosphates sales and marketing efforts in Tampa, was appointed assistant vice president and general manager - phosphates and fertilizers, and will lead both commercial activities and operations at Rockport Terminals.

“Purchasing the Eastern terminal provides strategic long-term value for CSX,” Johnson-Davis, says in a press release. “We will leverage synergies of the two terminals to better serve our customers and grow this important business.”

Rockport Terminals is a deep-water port facility on Tampa Bay used for exporting phosphate from Central Florida's Bone Valley mining region. It is located on more than 300 acres near the Port of Tampa and has more than 25 miles of track, warehousing and loading systems.