Capital Terminal Company signs new lease and brings a new supplier to the Region

EAST PROVIDENCE, RI – September 13, 2013

 

Capital Terminal Company (CTC) of East Providence, Rhode Island, a wholly-owned subsidiary of Capital Properties, Inc. (CPI) today announced that it has entered into lease agreement with distillate supplier for a portion of its million barrel storage facility in East Providence, Rhode Island and related deep-water pier facilities for distribution to the region.  The term for the new lease began on September 1, 2013.

 

- Advertisement -

In addition to the new lease agreement, CTC has entered into a Terminal Access Agreement with Inland Fuel Terminals, from Bridgeport, Connecticut which will be a wholesale marketer for the new tenant.  The Facility has already begun receiving product and distribution through its truck rack is anticipated to commence within several days.  Todd Turcotte, President of CTC, stated “CTC is excited to be bringing a new supplier to the region offering retailers another alternative in a very competitive and credit conscious wholesale market.”

 

CTC’s terminal includes a million barrel facility with a new eight (8) bay, 19-position truck loading rack.  The Facility is served via 16-inch diameter pipelines from a deep-water ship/barge berth with a depth of -40 MLW and a LOA of 825’.  The Facility has the capability to develop adjacent rail access for loading and/or unloading of product.

 

 

Contact:

Todd Turcotte, P.E.

President

Capital Terminal Company

100 Dexter Road

East Providence, RI 02914

(T) 401-435-7171

No posts to display