Borderlands: Logistics provider expands operations in Laredo
by Noi Mahoney on 03-02-2021
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 that Majestic originally completed as a build-to-suit for Mattel Inc. The lease agreement removes what would have been a 30%-40% increase in the market’s available square footage, officials said.
“This is more evidence of the ever-growing need for large warehousing distribution space in Laredo,” Kyle Valley, senior vice president with Majestic Realty, said in a statement.
Majestic Realty recently announced a $1 billion expansion at Port Grande Logistics Port.
The long-term plan calls for six phases and 14 million-square-feet of spec industrial development, primarily distribution, warehouse and manufacturing space at the port.
Link to Original Article: https://www.freightwaves.com/news/logistics-provider-expands-operations-in-laredo