The Lynxs NAFTA CargoPort's first phase will total 75,000 sf and will deliver in early 2002. Ray Brimble, managing partner of Lynxs Group, tells GlobeSt.com that the facility could reach up to 200,000 sf in three phases that will deliver over a period of several years.
Lynx provides all of the project financing and owns 100% of the cargo facility. Brimble says the land is a 40-year ground lease, with the city acting as co-developer. Lynxs got the gig by responding to an RFP put out by the Valley International Airport board, an entity of the City of Harlingen.
Board chairman, William Peacock says Lynxs also will "market the airport and Lower Rio Grande Valley region on a national and international basis." According to Peacock, the CargoPort will be located in a Foreign Trade Zone at the airport's east end, adjacent to the airport's new 4.5-acre air cargo ramp and recently extended Taxiway "B," featuring direct highway access to the Free Trade Bridge in Los Indios, Mexico.
Brimble believes air cargo from Mexico will increase dramatically as new trucking laws make their way through the US Congress in a move to take lots of unsafe trucks off the road and regulate how far inland unqualified Mexican trucks can go. The Valley International Airport is within the proposed 20-mile border limit.
"Trade between Mexico and the United States continues to flourish," says Brimble, "encouraged by growing numbers of maquiladoras in nearby Matamoros and Reynosa, Mexico along with twin facilities located in the booming trans-border corridor stretching from Brownsville to McAllen, Texas.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.
