Strong Economic Conditions Trigger Next Phase

The Port Grande pad is cut and ready for construction; a 423,280-square-foot building can be delivered within 12 months.

LAREDO, TX—With a significant lease in its initial building in 2017 and a strong level of interest for the remaining available space, Majestic Realty Co. is moving ahead with plans to develop its next warehouse building at Port Grande. The company’s 200,000 square feet of space in building one of the master-planned project represents the largest block of available space in the market.

However, strong market activity and economic conditions are triggering the developer’s decision to continue its 100-acre phase I development. In the months ahead, Majestic will break ground on building two, a 423,280-square-foot building that will feature 32-foot ceiling clearance, 120 dock-high doors, four ground-level doors, a large secured truck courtyard, 242 trailer parking spaces and 208 automobile parking spaces.