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January 22, 2014
09:18 EDTARCXArc Logistics executes fifteen-year lease on Oregon petroleum terminal
Arc Logistics Partners announced it has extended its operational footprint and customer relationships into the West Coast market by executing a fifteen-year lease on a petroleum products terminal in Portland, Oregon concurrent with the CorEnergy Infrastructure Trust acquisition of the Portland Terminal from an unaffiliated third-party. Arc Logistics will have 100% operational and commercial control of the Portland Terminal, a rail/marine facility adjacent to the Willamette River in Portland, Oregon. The Partnership also has an option to purchase the Portland Terminal.
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