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Strong Economic Conditions Trigger Next Phase

Majestic’s 200,000 square feet of space in the master-planned project represents the largest block of available space in the market, and economic conditions are prompting more development very soon.

Port Grande 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.

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Lisa Brown

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.

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