CorEnergy Infrastructure Trust Inc. (NYSE: CORR) has closed a deal for a petroleum products terminal facility for $40 million.
The facility, located in Portland, will be leased to a subsidiary of Arc Logistics Partners LP (NYSE: ARCX).
CorEnergy, headquartered in Leawood, Kan., owns midstream and downstream U.S. energy infrastructure assets, including pipelines, storage tanks, transmission lines and gather systems. In January, the company acquired Oregon Holdings LLC, which provides petroleum storage services.
The deal comes at a busy time for the energy sector and the surrounding specialties. Recent deals include IronGate Energy Services’ acquisition of Green Light Energy Services, which provides rental services to oil and gas exploration companies. Also in January, Ridgewood Energy Corp. closed a $1.1 billion energy fund which will invest in exploration and production projects in the U.S. Gulf of Mexico.