Communications company Parallel Infrastructure is looking to widen its focus after signing 21 new short-line and regional railroad agreements in the past year.
New development efforts may confront different types of infrastructure and future agreements could focus primarily on the properties of public sector entities.
“We continue to expand our footprint nationwide, forming strategic relationships and adding prime corridor property to our growing communications infrastructure portfolio,” Parallel’s chief executive officer, Frank Chechile, said in a statement. “We look forward to creating long-term value for our new railroad partners. The contiguous nature and appealing geography of their properties allows us to create a modern infrastructure that can be leveraged by mobile carriers, railroads, local municipalities, and other tenants to increase the range, capacity, and capability of their networks on a local and regional basis.”
The company currently has almost 1,700 miles of property in its communications development portfolio. - Jon Ross