LAREDO, TX—With a significant lease in its initial building in2017 and a strong level of interest for the remaining availablespace, Majestic RealtyCo. is moving ahead with plans to develop its next warehousebuilding at PortGrande. The company's 200,000 square feet of space in buildingone of the master-planned project represents the largest block ofavailable space in the market.
However, strong market activity and economic conditions aretriggering the developer's decision to continue its 100-acre phaseI development. In the months ahead, Majestic will break ground on building two, a423,280-square-foot building that will feature 32-foot ceilingclearance, 120 dock-high doors, four ground-level doors, a largesecured truck courtyard, 242 trailer parking spaces and 208automobile parking spaces.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
