With the agreement to modify, Target Logistics will continue to sublease and provide services at the South Texas Family Residential Center to CCA in Dilley, Texas, as it has since 2014.
The modification provides for a lower monthly payment commencing in November 2016, with a new term extending 5 more years through September 2021, subject to similar termination provisions upon notice from CCA in the event that CCA’s contract for the provision of residential services to U. Immigration and Customs Enforcement (“ICE”) is terminated.
Target Logistics operates 18 properties in the United States and Canada with more than 8,100 total beds.
Cautionary Notice Regarding Forward Looking Statements This press release may contain forward-looking statements, which reflect Target Logistics’ and Algeco Scotsman’s expectations regarding future operational and financial performance.
“We are honored by the confidence that CCA has shown in us by extending their agreement to 2021 on the South Texas Family Residential Center,” said Target Logistics President and Chief Operating Officer Brad Archer. of housing space, 6 other structures and 2,400 beds.
It operates globally in some of the most remote environments, supporting oil, gas and mining with workforce housing, mobile crew camps and extended-stay hotels; government departments and organizations with temporary lodging and refugee integration; and capital projects. magazine in 20 as one of “America’s Fastest Growing Private Companies.” Visit About Algeco Scotsman Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management.
Headquartered in Baltimore, Algeco Scotsman has operations in 25 countries with a modular fleet of approximately 275,000 units.