Nearshoring is not a headline trend. It is a yard full of trailers moving goods across the border every day. It is why we just doubled down on Industrial Outdoor Storage (IOS) in Laredo.
We are pleased to announce that Westlake Realty Group has acquired 539 El Pico Road, a 10.75 acre industrial outdoor storage facility in Laredo, Texas, the largest inland port in the United States.
Key highlights:
• 280 trailer parking spaces in a secured, lit yard
• 2,262 SF two story office and 6,552 SF canopy with service bays
• Six miles to the World Trade Bridge with direct access to Mines Road and Pinnacle Industry Center
At closing, we executed a three-year sale leaseback on the front half of the site, creating immediate revenue. We will upgrade the remaining 5.99 acres with a modular office and second canopy and lease it out to a different tenant.
We believe Laredo continues to offer some of the strongest IOS fundamentals in the country, driven by sub 3% vacancy for smaller industrial assets, sustained demand from trucking and logistics operators, and long-term tailwinds from nearshoring and cross border trade with Monterrey and central Mexico.
Grateful to our family, friends, and investment partners (Partners Path) for the continued trust as we scale Westlake’s IOS platform across key logistics corridors. Special thanks to Juan Fraga, FIRST HOUSTON Properties, INC., and Wintrust Financial Corporation.
#IndustrialOutdoorStorage #IOS #Nearshoring #Laredo #LogisticsRealEstate #FamilyOffice #PrivateEquityRealEstate Stew Cedarleaf Lino Campanile Brandon Rowell Kelly Chang Levine
