LAREDO \u2013 (August 13, 2024) <\/b>Realterm, an independent global investment manager focused on the transportation industry, and Alliance Industrial, a highly skilled Texas-based development group, today announced the acquisition of a 19.76-acre parcel in Laredo, Texas. The Joint Venture, with Alliance as the development manager, plans to construct a 236,693-square-foot state-of-the-art transload facility focused on cross-border operations.<\/p>\n
The new building will feature a 32-foot clear height, 50 dock-high loading positions, and 190 trailer parking spaces facilitating the efficient storage and movement of trailers. Designed to accommodate either a single tenant or two tenants, the building will provide dedicated access and secure storage for trailers.<\/p>\n
\u201cRealterm has been actively investing in the Laredo market for more than 10 years and we are excited to partner with Alliance Industrial which brings extensive local expertise to our first ground-up development project in this burgeoning market,\u201d said Ed Brickley, Managing Director and Fund Manager at Realterm. \u201cLeasing activity in Laredo remains robust, with a record 700,000 square feet of absorption in the first quarter of 2024. The strategic location of Laredo continues to drive significant economic growth, largely due to the nearshoring of manufacturing operations to northern Mexico and Monterrey, Mexico.\u201d<\/p>\n
\u201cAlliance is proud to be a part of the logistical realignment taking place in cities all along the US\/Mexico border thanks to the nearshoring of manufacturing. Laredo is at the heart of this realignment. We are grateful for the opportunity to work with so many great members of the city and community in order to deliver this project,\u201d said Kent Carlson, Sr. Associate Development at Alliance Industrial.<\/p>\n
According a recent Realterm white paper, during the first two months of 2024, the Port of Laredo facilitated 6.3% ($27 billion) of U.S. trade and 39% of all U.S.-Mexico trade per month. During this time, more than 14,000 trucks entered the United States daily via the World Trade Bridge and the Colombia Bridge combined. This surge in movement and growth underscores the critical role Laredo plays in international trade.<\/p>\n
\u201cLaredo is set to benefit from near and re-shoring supply chains and the major infrastructure initiatives supporting those activities, including the proposed expansion of the World Trade Bridge from 14 to 18 lanes and the construction of a new, high-capacity international rail bridge,\u201d said Joe Noon, Vice President of Development at Realterm. \u201cThese enhancements will further bolster Laredo\u2019s position as a vital trade, logistics and transportation hub.\u201d<\/p>\n
Construction on the transload facility is expected to commence in August 2024.<\/p>\n