Mar 2, 2021
An international trade and logistics services firm signed a massive lease at Laredo’s largest single-tenant warehouse, which has been occupied by Mattel Inc. for more than 20 years. The Jamco Group, based in Laredo, signed a 500,000-square-foot lease for the facility in Killam Industrial Park where it will begin operations June 1, boosting its footprint in the region to 750,000 square feet. Carla Molano, managing principal for Forum CRE, represented Jamco in...
Mar 2, 2021
The Port Grande Logistics Port is a 2,000-acre master planned logistics port in Laredo, located just east of Interstate 35 on Carriers Drive. It is about 10 miles from the U.S.-Mexico border. The port is a logistics hub from Los Angeles-area developer Majestic Realty Co. The company completed the acquisition of the 2,000-acre site from a subsidiary of Mercedes-Benz in 2015. Officials with Majestic Realty said Jamco will occupy all 500,000 square feet of a building...
Feb 8, 2021
The Landmark at Otay will be situated close to San Diego’s eastern U.S.-Mexico border crossing. Construction has begun on a $100 million, 50-acre industrial park near San Diego’s eastern border crossing with Mexico. The Landmark at Otay project is anticipated to take advantage of the rapid industrialization near the Otay Mesa Port of Entry, as well as infrastructure improvements near — and surrounding — the U.S.-Mexico border. Businesses in Otay Mesa have...
Feb 8, 2021
Port Grande, a prospective multi-phase logistics park in the heart of the largest inland port in the country, is soon to become a reality as the company and the city finalize a deal for a 30-year tax increment reinvestment zone. Majestic Realty Co., the country’s largest privately-held industrial and portfolio developer, plans to make the project the epicenter of South Texas trade and even the epicenter of all North American trade as they expect for Mexico’s...
Jan 27, 2021
Laredo City Council last week voted to enter into a preliminary public-private partnership with a commercial real estate developer to build a $1 billion, 2,000-acre business park off Interstate 35. In 2015, Majestic Realty purchased the former Mercedes-Benz test track facility near mile marker 13 and developed a master-planed logistics park called Port Grande. They completed the first phase of this project in 2017, developing 100 acres into warehousing for several...
Jan 14, 2021
8175 Andrews Ave. Photo courtesy of Colliers International Vidal Corp. has signed a five-year lease on an Otay Mesa industrial building. The cross-border logistics company has leased a 31,360 square-foot building at 8175 Andrews Ave. in Majestic Sunroad Center. Mark Lewkowitz, Chis Holder, and Will Holder of Colliers International San Diego represented Vidal Corp and Majestic Realty Co., the owner of the building. “Majestic Sunroad Center is the first and...
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