Arc Logistics Partners LP (NYSE: ARCX), through a joint venture with GE Energy Financial Services (GE EFS) a unit of General Electric (NYSE: GE), is buying Joliet Bulk, Barge & Rail LLC for $216 million.

Joliet Bulk owns a crude oil unloading terminal, a four-mile crude oil pipeline and the Joliet Terminal, located in Joliet, Illinois, and are expected to be finished in April. The business is being sold by CenterPoint Properties Trust, an Oak Brook, Illinois-based industrial property developer.

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