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T.J. Maxx, Marshalls to buy 1,200 acres for $150M warehouse

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City Council will vote next week on an tax plan for the Massachusetts owner of T.J. Maxx and Marshalls, which plans to develop a 200-acre, $150 million distribution center on 1,200 acres near Mission Espada.

TJX Companies Inc., which owns the retail chains, wants to open the warehouse in July 2019. It would be the company’s sixth warehouse in the nation, serving the southern areas of the U.S.

The project, which would create about 1,000 jobs over five years, was first reported by the Express-News on April 24. The San Antonio Economic Development Foundation released details of the agreement Thursday.

The 1.5 million square foot distribution site will be bounded by Loop 410 on the north, Goeth Road on the south, the San Antonio River on the east and U.S. Hwy. 281 on the west. The land’s seller is Redus Texas Land, according to the Bexar Appraisal District.

Under the agreement, the city would promise not to annex the property for 15 years, guaranteeing lower property taxes. TJX would coordinate with Workforce Solutions Alamo, SA Works and Goodwill Industries to target hiring from high-unemployment areas of San Antonio.

The company also would agree to provide health and retirement savings benefits for eligible, full-time employees. The company has informed the city it will pay a minimum of $10 an hour to workers, and that 26 percent of workers will earn at least the city’s living-wage level of $11.83 per hour.

Some management positions will pay more than $50,000 a year, said Jeannette Garcia, a marketing specialist in the city’s Economic Development Department.

Under the agreement, TJX would donate 15 to 20 acres to Southside Independent School District for a new school and also would donate more than three miles of property to the city for a bike-and-pedestrian trail route known as the “Espada Trail Connection.”

The route will connect 13 miles on the Medina River Greenway to 14 miles along the San Antonio River, creating a seamless trail of about 31 total miles.

TJX also would work with local organizations to preserve about 300 acres of flood plain that would buffer any future development south of Mission Espada, one of the World Heritage Site missions.

On April 6, Southside Independent School District approved a tax exemption for the company.

“TJX, a global, Fortune 100 company, has chosen to significantly invest in South San Antonio through partnerships that promote balanced growth and availability of employment opportunities in the city, while protecting our Missions and connecting our greenbelt and creekway system,” Mayor Ivy Taylor said in a prepared statement.

TJX operates more than 3,600 stores worldwide under six retail brand names. The Fortune 100 company reported sales of $30.94 billion in 2016.

dhendricks@express-news.net

Copyright 2010 San Antonio Express-News

 

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