Leawood-based CorEnergy Infrastructure Trust Inc. (NYSE: CORR) announced plans to acquire a petroleum products terminal in Portland, Ore., for $40 million, paid for with proceeds from a sale of 6.5 million shares.
The Portland Terminal Facility is a rail and marine facility adjacent to the Willamette River in Portland, with 84 tanks that can store up to 1,466,000 barrels of heavy and refined petroleum products. The terminal is expected to be leased for 15 years to a Arc Logistics Partners LP subsidiary.…
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