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GlobeSt.com EXCLUSIVE: 148,000-SF Spec Project Begins

REYNOSA, MEXICO-With its two-million-sf border inventory at 100% occupancy, ProLogis jumps into a second building for an 80-acre industrial park. A ProLogis exec says the city's "proven demand" warrants the spec undertaking.

By Jennifer Brenner Andrade | Updated on January 27, 2004

REYNOSA, MEXICO-With two million sf at 100% occupancy, the Denver-based ProLogis has broken ground on a 148,000-sf speculative industrial building to mark the start of its second project in the 80-acre ProLogis Park Pharr Bridge.

ProLogis is eyeing a summer delivery for Pharr Bridge 5. The developer ramped up construction on a 7.4-acre tract within five months of turning over keys for the park’s first building, a 302,000-sf factory for Springs Window Fashion, which uses the location to manufacture mini-blinds.

Eric Brown, first vice president with ProLogis’ San Antonio office, tells GlobeSt.com that the Reynosa market has a “proven demand” for additional product, with several property owners now planning new construction in the area. ProLogis’ two million sf of fully occupied space is spread among three parks: ProLogis Park Pharr Bridge, Reynosa Industrial Center and Del Norte Industrial Center.

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