Port of South Louisiana acquiring Avondale Global Gateway logistics facilityPort of South Louisiana acquiring Avondale Global Gateway logistics facility

The port has inked a sale and purchase agreement with T. Parker Host to acquire the 254-acre logistics hub along the Mississippi River.

T. Parker Host purchased the former shipyard in 2018 with 1.5m sq feet convertible warehouse or manufacturing space with river, road and rail connections.

Paul Matthews, Port of South Louisiana Chief Executive Officer, said: “This acquisition establishes Avondale Global Gateway as a permanent Economic Development arm of the State of Louisiana. The Port is laser-focused on expanding our operations and bringing prosperity to the Southeast Louisiana Region.”

Under the ownership of Port of South Louisiana, Avondale will become an economic arm of the state of Louisiana and the port will enter into a long-term agreement with T. Parker Host to serve as the terminal operator.

Adam Anderson, President and CEO of T. Parker Host, said, “As we look toward the next phase of Avondale Global Gateway’s evolution, we are confident this public-private partnership with the Port of South Louisiana positions the site at the forefront of the new frontier of renewable energy development, propelling the State of Louisiana into this new economy.”