Crain Caton & James successfully represented Port Freeport in Texas in its negotiations with Volkswagen Group of America, Inc. (VWGoA) to create a new major Gulf Coast Hub for its future vehicle logistics port operations. The new facility will accommodate importation of 140,000 vehicles per year and will serve nearly 300 retail dealers in the U.S. The new hub will allow utilization of low-emission LNG vessels and create over 110 direct jobs at the terminal facilities.
With a 20-year lease agreement in place, the new terminal is scheduled to break ground in late 2022 and open in 2024. This project is a collaboration between Port Freeport, VWGoA, PRP and KDC. For more details, see Volkswagen Media Release for New Hub in Port Freeport.
Crain Caton & James Attorneys Representing Port Freeport
Peter G. Nemeth (lead attorney) – As President and a shareholder of the Firm, Mr. Nemeth has developed a broad-based transactional practice, with an emphasis on complex commercial transactions and finance, on both a state and national level. He has extensive experience representing individuals, public and private companies, financial institutions, and governmental agencies in a wide variety of transactional matters, primarily involving lending, energy, and real estate.
Jeffrey I. (Jeff) Horowitz – A shareholder of the Firm, Mr. Horowitz counsels clients on business formation, governance, and operation, with a substantial emphasis on a wide variety of complex real estate related transactions.