Brennan JV to Build Industrial Project Near US-Mexico Border
The Texas development is near the nation’s number one trade port.
Standard Real Estate Investment Partners has joined forces with Brennan Investment Group to build Laredo Pinnacle Development II, a 433,000-square-foot industrial project in Laredo, Texas.
The cross-dock development will rise near Mines Road in the Pinnacle Industry Center, a roughly 1,400-acre master-planned industrial park located about 7 miles from World Trade Bridge and roughly 14 miles from Columbia Bridge.
The speculative development will allow for either single- or multi-tenant usage. It’s set to feature four drive-in doors, two truck courts, 156 dock doors, as well as 197 trailer parking spots.
This isn’t Brennan’s first Laredo project. Last year, the company teamed up with Grandview Partners to develop a 393,796-square-foot industrial facility also within the Pinnacle Industry Center.
Brennan launched its U.S. Border division in 2022 to invest across the entire U.S.-Mexico boundary, from San Diego to Brownsville, Texas. The firm looks to capitalize on the nearshoring phenomenon, Managing Principal Troy MacMane said in prepared remarks.
Industrial development near U.S.’s top trade port
In 2024, Laredo took the title for the number one port nationwide with $339 billion in trade, a figure up 5.9 percent year-over-year, according to U.S. Census data analyzed by WorldCity. The area’s constant growth spurred the city to earmark more than $2 billion in road and infrastructure improvements over the next two decades.
Development in this emerging industrial market is booming. Last May, SE Legacy Development broke ground on the first phase of a $7.4 billion master-planned project. And six months later, Realterm and Titan Development announced their intention to develop a 440,300-square-foot facility in this city.
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