BALTIMORE, MD (February 27, 2019) – Tradepoint Atlantic, a 3,300-acre multimodal global logistics center in Baltimore, Maryland featuring an unmatched combination of access to deep-water berths, railroads, highways and storage space, announced today that Volkswagen Group of America, Inc. will begin to import and distribute factory-new Volkswagen, Audi, Bentley, and Lamborghini vehicles through the Port of Baltimore at the Tradepoint Atlantic terminal.
Under the terms of the agreement, Tradepoint Atlantic will develop and lease a world class vehicle import and processing facility for Volkswagen Group of America, Inc. (VWGoA). In addition, VWGoA will make a significant investment in a new port facility that Tradepoint Atlantic will immediately begin building on its site to serve the importation and processing of vehicles by VWGoA.
Upon expected completion in early 2020, the facility will encompass more than 115 acres and 166,000 square feet of processing facilities and will be responsible for the import of approximately 120,000 VWGoA vehicles per year from European and Mexican production facilities, with increased volumes expected over time.
Port operations for the new VWGoA facility will result in approximately 100 new, fulltime jobs to the site at Tradepoint Atlantic, and will support and increase jobs in related fields through increased trucking volume, rail volume, vessel unloading volume, vessel pilots, and more.
“The mid-Atlantic region has long been a strong market for Volkswagen Group of America and we are pleased to announce the launch of our seventh and newest vehicle processing operation in the U.S.,” said Anu Goel, Executive Vice President for Group After Sales & Services, Volkswagen Group of America, Inc. “This facility will process and ship vehicles for VW, Audi, Bentley and Lamborghini and will help us improve service and advance growth plans in this key market.”
“Our administration is thrilled to welcome Volkswagen to Maryland, and add 100 new jobs to our state,” said Governor Larry Hogan. “The Port of Baltimore has earned its reputation as a vital gateway to markets in the U.S. and around the globe, and this longterm commitment from another major automaker is further proof that Maryland is open for business. This is tremendous news for our state, Baltimore County, and the Port of Baltimore.”
“Tradepoint Atlantic continues to impress by attracting great tenants who will be offering jobs and opportunity to Baltimore County,” said Baltimore County Executive Johnny Olszewski, Jr. “I’m excited by the economic growth we have created and I am looking forward to continued growth with the addition of Volkswagen.”
“This is great news for the Port of Baltimore,” said Maryland Port Administration Executive Director Jim White. “Volkswagen is one of the largest automakers in the world and this ensures they will have a strong local presence. Under the leadership of Governor Hogan we have had the best year in the Port’s 313 year history. We look forward to continually working with Tradepoint on other business opportunities that will generate more jobs and economic impacts for the Port of Baltimore.”
“Tradepoint Atlantic is honored to enter into a long-term partnership with Volkswagen Group of America on their largest import terminal in the United States,” said Eric Gilbert, Chief Development Officer at Tradepoint Atlantic. “They will now be able to leverage the multitude of logistical advantages our site can offer in the roll-on/roll-off space as it joins an inland port that is already the busiest automobile port in the country. We couldn’t be more excited to add the premier brands of Volkswagen to our growing story of sustainability and logistics.”
Tradepoint Atlantic is the largest private terminal within the Port of Baltimore. The Port of Baltimore transported 803,999 vehicles in 2017, the most among U.S. ports for the seventh consecutive year.
JLL, a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate, serves as the exclusive broker for Tradepoint Atlantic.
About Tradepoint Atlantic
The 3,300-acre multimodal global logistics center in Baltimore, Maryland, offers a gateway to markets around the United States and the world, featuring an unmatched combination of access to deep-water berths, rail, and highways. Ground-breaking agreements signed with federal and state environmental regulators in 2014 to remediate the legacy from a century of steel-making, and the financial backing of investment firms Hilco Global and Redwood Capital Investments, as well as the robust support of local and state government, enable the redevelopment of the site through further infrastructure improvements. At full buildout, Tradepoint Atlantic is projected to generate 11,000 permanent jobs, $2.9 billion in annual economic impact, and add a point to Maryland’s gross domestic product as one of North America’s most strategic commercial gateways. www.tradepointatlantic.com
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