Realterm, Titan to Develop Texas Industrial Project

November 18, 2024

The spec development will take shape near the U.S.-Mexico border.

Rendering of the upcoming industrial facility developed by Realterm and Titan in Laredo, Texas — Upon delivery, the facility will include two points of ingress and egress. *Image courtesy of Realterm and Titan Development*

A joint venture between Realterm and Titan Development will build a Class A, 440,300-square-foot industrial project in Laredo, Texas.

Once complete, the speculative cross-dock development will have 36-foot clear heights, 150 dock doors, 264 trailer stalls and a truck court measuring 185 feet in depth. The warehouse will accommodate up to two tenants and include two points of egress and ingress.

The project will take shape on approximately 26 acres close to the Port of Laredo—the nation’s number one port, with $320 billion in trade last year, according to the U.S. Census Bureau—which is also roughly 14 miles from the World Trade Bridge and about 9 miles from Laredo International Airport.

Realterm recently partnered with Alliance Industrial Co. for the development of another Laredo industrial project. The venture broke ground in September on the 236,693-square-foot speculative facility, with completion expected by next summer.

And the company’s border-oriented activity doesn’t stop there. Earlier this month, Realterm joined forces with NIT Industrial to develop a 452,966-square-foot industrial park in El Paso, Texas.

Laredo’s industrial growth outpaces the national average

Metro Laredo’s industrial space is in high demand—growing thrice as fast as the U.S. average—according to a report by Matthews. Developers are betting on the market especially since the emergence of the current nearshoring trends.

Laredo’s industrial development pipeline encompassed some 2.8 million square feet as of September, the same source shows. Last year, industrial deliveries totaled 3.9 million square feet.

Logistics space leases made up about 3 million square feet during the first nine months of the year, Matthews’ report reveals. The strong leasing activity contributed to stabilizing the metro’s vacancy rate, which clocked in at 5.1 percent in September.