Corpus Christi to sell 816 acres to Oxy

North America

Wednesday, May 09, 2012

The Port of Corpus Christi in Texas announced on Tuesday a sales agreement with Oxy Ingleside Property Holdings, a subsidiary of Occidental Petroleum Corp., to buy about 816 acres of the former U.S. Naval Station Ingleside and adjacent port property for $82.1 million cash. The transaction does not include the former naval base “campus” section. Previously, Oxy deposited a $1 million down payment, the port authority said. With the signing of the sales agreement, a 35-d...

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