Funding

Funding Needed
$344 (Mio)
EB5 Funding
$125 (Mio)
EB-5 Investors
250
Investment Amount
$500,000

Jobs

Job Creation per Investor
16.5
Job Creation (Total)
4135
Category
Transportation and Warehousing
Sub-Category
Other Warehousing and Storage

Location

State
Maryland
Location
Baltimore

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Tradepoint Atlantic Phase I

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Opened: September 02, 2016

Closed: February 01, 2021


Developer Name
Tradepoint Atlantic, LLC

Project Description

Tradepoint Atlantic is a 3,100 acre logistics and maritime development located on the Chesapeake Bay in Southeastern Baltimore County, Maryland. Featuring a unique combination of deep water port berths, rail infrastructure and highway proximity, Tradepoint Atlantic is the largest and most strategically important multi-modal industrial tract on the eastern seaboard.

  • USCIS exemplar approved July 2017
  • $125M EB-5 raise (no minimum)
  • Favorable TEA Destination
  • 16.5 jobs per investor
  • 3,100 acres (5 sq mi/13 sq ki)
  • 15 million SF developable/4+million under construction
  • 15 year credit tenant leases signed/occupied
  • Operating business w/positive cash flow
  • 100 mi of rail w/CSX & Norfolk Southern access
  • Deepwater port with marine services & development
  • Over-collateralized loan agreement
  • Five year loan with 1 year Investor Fund option
  • Estimated NOI of $28 million in 2018
  • Local private equity ownership/operator

 

Amazon Fulfillment Center

Amazon.com, Inc. (AMZN.O – Nasdaq), incorporated on May 28, 1996, offers a range of products and services through its websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. The Company, through its subsidiary, Whole Foods Market, Inc., offers healthy and organic food and staples across its stores.

The company has annual sales in excess of $135 billion and a market cap of nearly $700 billion.  Amazon employs more than 560,000 and is based in Seattle, Washington.

Amazon has executed a 15-year lease agreement with five, 5-year option periods. The Company contributed a substantial amount towards base building costs.

Under Armour Distribution Center

Under Armour, Inc. (UAA – NYSE) is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth.  Its products are sold across the world and worn by athletes at all levels, from youth to professional, on playing fields around the globe, as well as by consumers with active lifestyles. The Company sells its branded apparel, footwear and accessories in North America through its wholesale and direct to consumer channels. As of December 31, 2016, the Company had approximately 151 stores in North America primarily located in outlet centers throughout the United States.

The company had 2017 annual sales of $5.0 billion and a market value of $7.32 billion.  Under Armour employs an estimated 6,500 and is based in Baltimore, Maryland.

The Company executed a 15-year lease agreement with four, 5-year option periods.

FedEx Distribution Center

FedEx Corporation (FDX - NYSE) provides a portfolio of transportation, e-commerce and business services through companies operating independently and managed collaboratively, under the FedEx brand. The Company's segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. The FedEx operation offers a range of the United States domestic and international shipping services for delivery of packages, freight and documents. The FedEx Services segment provides its other companies with sales, marketing, information technology, communications, customer service and other back-office support.

The company had 2017 annual sales of $60 billion and a market value of $64 billion.  Federal Express employs an estimated 117,000 and is based in Memphis, Tennessee.

Scannell Properties, a FedEx preferred developer,  entered into a ground lease agreement with Tradepoint Atlantic. The base lease term is 40 years, with ten, five-year option periods.  Scannell developed the building on behalf of FedEx and subsequently entered into a long-term building lease with FedEx.

Marine & Rail Operations

Tradepoint Atlantic includes the largest privately owned rail yard on the U.S. East Coast, including 100 miles of rail on the property, with both CSX and Norfolk Southern access. The project also has deep water marine access at the entrance to the Port of Baltimore, including a 2,200 foot east/west berth in a turning basin, a 1,120 foot finger pier and a separate barge berth.  Based on the land, marine and rail capabilities, Tradepoint Atlantic is positioned to handle multiple commodities, including bulk, break-bulk, project cargo, automotive roll-on/roll-off and agri-business.

Project Timeline

Construction for the Project began in mid-2016 and is anticipated to be completed in December 2019.

Project Timeline

Construction for the Project began in mid-2016 and is anticipated to be completed in December 2019.

Reports

Tradepoint Atlantic Phase I: Contact Information

Tradepoint Atlantic Phase I: Investments

Reg. D?
No
Reg. S?
No
Does the investor need to be accredited to invest?
No
Are returns paid on the investment prior to maturity?
No
Have all of the permits and permissions for project development been obtained?
No
Is there any patented intellectual property essential to this project?
No

Tradepoint Atlantic Phase I: Fees

Do potential investors need to pay a fee to obtain the operating documents, PPM or other subscription documents?
No
If Yes, Is that refundable in the event the investor decides not to invest?
No
Does that include the processing of the I-526, I-829 or any other legal fees associated with the immigration application?
No
If there is no finder or agent, would you reimburse that fee to the investor?
No
Do you pay finder’s fees to attorneys?
No
Do you pay fees to unlicensed broker’s or agents?
No

Tradepoint Atlantic Phase I: Risks

Tradepoint Atlantic Phase I: Structure

Has the Principal invested their own equity in the project?
No
Is collateral on the investment or loan provided?
No

Tradepoint Atlantic Phase I: EB-5

Is this a loan?
No
Does this project have approved I-526's?
No
Does this project have approved I-829's?
No
Does this Regional Center have approved I-526's?
No
Does this Regional Center have approved I-829's?
No
Is any of the subscription fee refundable in the event of a denial of the I-526 by USCIS?
No
Are non EB-5 investor’s allowed to participate?
No

Project Exemplar Approval

Does this Project have Exemplar Approval?
No
Date of Exemplar Approval:

Requests for Evidence

Does this Project have Exemplar Approval?
No

I-526

I-829

This data was last updated on:September 02, 2016 06:10 AM

Tradepoint Atlantic Phase I: EB-5

Has this project been the subject of a USCIS/SEC/FBI/DOJ/AAO Review, Notice, Investigation or Action
No

This data was last updated on:September 02, 2016 06:10 AM

Tradepoint Atlantic Phase I: Job Creation

Is Regional Center located within a Targeted Employment Area (TEA)?
No
Is this a Public / Private partnership?
No

Tradepoint Atlantic Phase I: Reporting

Do you offer periodic reports to investors on the status of the investment?
No
Are these reports produced by you, or by an independent third party such as a auditing or accounting firm?
No
Do you have a third party firm that performs employee payroll & HR record keeping services for the project?
No
Do you have a third party firm that performs I-9 verification?
No
If No, do you perform I-9 verification of the employees?
No
Would you have any objection to an accounting or law firm performing an audit on the payroll, employment or financial records of the project?
No
If you lease space in your facility to third party firms, are they willing to allow an audit of their employment records for the purposes of verifying employment?
No

Tradepoint Atlantic Phase I : Escrow

Details not available

News & Updates

Arugula at Sparrows Point? Large organic farm to open at Tradepoint Atlantic
March 11, 2020
Baltimore's logistics operations
March 11, 2020
Gotham Greens brings greenhouse to former Sparrows Point steel mill site
February 27, 2020
Old Sparrows Point steel mill sprouts new businesses, including a new kind of indoor farm
December 10, 2019
Take a look at the offshore wind development coming to Tradepoint Atlantic
December 03, 2019
Tradepoint Atlantic straight to the point industry in motion
September 27, 2019
Businesses Flock to Baltimore Wasteland in Epic Turnaround Tale
August 15, 2019
Tradepoint Atlantic Bank of America TV Commercial / EB-5 Project
July 26, 2019
Tradepoint Atlantic leases 50 acres to offshore wind energy center
July 24, 2019
Ørsted and Tradepoint Atlantic Partner on Maryland’s First Offshore Wind Energy Center
July 24, 2019
Tradepoint Atlantic Orsted us offshore wind partner on Marylands-first-offshore-wind-energy-center
June 23, 2019
Baltimore’s Tradepoint Atlantic Intermodal Facility Transforms Old Bethlehem Steel Site
June 06, 2019
Tradepoint Atlantic Update
May 20, 2019
Tradepoint Atlantic participates in national infrastructure week
May 13, 2019
Under Armour warehouse opens in Sparrows Point to fulfill athletic wear needs, wants
May 08, 2019
Under Armour warehouse at Tradepoint Atlantic gets ready to open
April 29, 2019
Amazon’s Profit More Than Doubles on 17% Rise in Sales
April 25, 2019
Tradepoint Atlantic's Spring Open House a huge hit
April 23, 2019
Amazon's Tradepoint Atlantic Fulfillment Center To Yield 2K Jobs
March 19, 2019
Volkswagen Group of America Strikes Deal at Tradepoint Atlantic
March 01, 2019
About 1 in 5 VW, Audi, Bentley and Lamborghini vehicles sold in U.S. to be imported through new Sparrows Point facility
February 27, 2019
Tradepoint Atlantic welcomes Volkswagen group of America to Port of Baltimore
February 27, 2019
Tradepoint Atlantic announces partnership with Baltimore museum of industry
February 27, 2019
THE POWER TO forge a new future Creating 17,000 jobs where an old steel mill once stood
February 14, 2019
Exclusive: Home Depot signs deal to lease two warehouses at Tradepoint Atlantic
February 07, 2019
Tradepoint Atlantic Funding
February 05, 2019
Floor & Decor to open 1.5 million-square-foot warehouse at Tradepoint Atlantic
January 24, 2019
Tradepoint Atlantic in Baltimore County will house Atlanta flooring firm's new distribution hub
January 24, 2019
Major Flooring Retailer Selects Tradepoint Atlantic for New Distribution Center!
January 24, 2019
Tradepoint Atlantic Secures $135M Financing Deal
January 03, 2019
Baltimore County Council OKs $78M help for Tradepoint Atlantic
December 18, 2018
Perdue to invest $30M in Tradepoint Atlantic organic grain facility
November 05, 2018
Perdue AgriBusiness chooses- Tradepoint Atlantic for new organic grain facility
November 05, 2018
The power to__ forge a new future
October 24, 2018
Inside Amazon’s New Baltimore County Fulfillment Center
October 09, 2018
Amazon offers sneak peek at massive high-tech fulfillment center opening soon at Sparrows Point
August 21, 2018
Tradepoint Atlantic Unifies Sparrows Pointwith Purchase of Sparrows Point Shipyard
May 21, 2018
Tradepoint Atlantic welcomes gotham greens to sparrows point
May 08, 2018
Amazon Closes in on Title of Largest U.S. Company
April 27, 2018
Amazon’s Fiscal Discipline Pays Off as It More Than Doubles Profit
April 26, 2018
Tradepoint Atlantic Spring Newsletter
April 19, 2018
Bank of America Report
March 17, 2018
Tradepoint Atlantic granted $20M from federal government toward port upgrades
March 07, 2018
Amazon Announces New Baltimore County Fullfillment Center at Tradepoint Atlantic!
November 08, 2017
Amazon To Open New Distribution Center At Tradepoint Atlantic, Add 1,500 New Jobs
November 08, 2017
Baltimore County, Tradepoint Atlantic seek $25M federal grant
October 16, 2017
Tradepoint Atlantic Celebrates Grand Opening of FedEx Ground Distribution Center at Sparrows Point
September 20, 2017
Tradepoint Atlantic Finalizes Long-Term License Agreement with Host Terminals to Drive Marine Terminal Development
April 06, 2017
Under Armour to locate new, 1,000-employee distribution center at Sparrows Point
August 30, 2016

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