The Port of New Orleans Acquires Coffee Drive Warehouse, Announces New, 10-Year Lease with The Kearney Companies, Inc.
2024-07-02
The Port of New Orleans (Port NOLA) today announced its purchase of the 210,000 square foot warehouse located at 5200 Coffee Drive in the Uptown Port of New Orleans Terminal, which is supported by a new, 10-year lease with The Kearney Companies, Inc. (The Kearney Companies), a subsidiary of Precision Terminal Logistics (PTL). This agreement marks another milestone in the longstanding relationship between Port NOLA, The Kearney Companies, and the New Orleans Public Belt Railroad (NOPB), which provides rail service to its facilities and connection to all six Class 1 Railroads (BNSF, CPKCS, CN, CSX, NS and UP).