{"id":1004716558,"date":"2024-06-10T03:54:15","date_gmt":"2024-06-10T11:54:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004716558"},"modified":"2024-06-10T03:54:17","modified_gmt":"2024-06-10T11:54:17","slug":"thor-expands-with-250-ksf-mexico-border-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/thor-expands-with-250-ksf-mexico-border-facility\/","title":{"rendered":"Thor Expands With 250 KSF Mexico-Border Facility"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"765\" data-attachment-id=\"1004716561\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/thor-expands-with-250-ksf-mexico-border-facility\/15241-fatima-drive-1920x765-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/15241-Fatima-Drive-1920x765-1.jpg\" data-orig-size=\"1020,765\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"15241-Fatima-Drive-1920&#215;765 (1)\" data-image-description=\"&lt;p&gt;Property at 15241 Fatima Drive, Laredo, Texas&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The building debuted in late 2023. Image courtesy of Thor Equities Group&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/15241-Fatima-Drive-1920x765-1.jpg?w=1020\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/15241-Fatima-Drive-1920x765-1.jpg\" alt=\"Property at 15241 Fatima Drive, Laredo, Texas\" class=\"wp-image-1004716561\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/15241-Fatima-Drive-1920x765-1.jpg 1020w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/15241-Fatima-Drive-1920x765-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/15241-Fatima-Drive-1920x765-1.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/><figcaption class=\"wp-element-caption\">The building came online in late 2023. <em>Image courtesy of Thor Equities Group<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Thor Equities Group has purchased a 250,000-square-foot industrial facility in Laredo, Texas. A private individual sold the asset, while Shelter Growth Capital Partners issued a $24.3 million acquisition loan, public records show.<\/p>\n\n\n\n<p>The facility is part of the master-planned, multi-phase, 1,600-acre North Laredo Industrial Park. White Ark Enterprises served as general contractor for the 2023-completed building.<\/p>\n\n\n\n<p>The property features 30-foot clear heights, 48 docks, 233 trailer stalls, as well as 272 parking spaces and 3,000 square feet of office space. Moreover, EELCO\u2014a U.S. Customs Broker\u2014inked a five-year lease at the distribution center, now serving as the firm\u2019s headquarters.<\/p>\n\n\n\n<p>Located on 18 acres at 15241 Fatima Drive, the building is roughly 4 miles west of Interstate 35 and some 8 miles south of U.S. Route 83. The World Trade International Bridge is 10 miles southwest of the property. Nearly 18 miles north, the $7.4 billion, 13,000-acre master-planned development dubbed Talise <a href=\"https:\/\/www.commercialsearch.com\/news\/phase-1-of-7-4b-texas-master-planned-development-breaks-ground\/\">broke ground last month<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-nearshoring-boosts-laredo-industrial-activity\">Nearshoring boosts Laredo industrial activity<\/h2>\n\n\n\n<p>As <a href=\"https:\/\/www.commercialsearch.com\/news\/how-reshoring-impacts-industrial-real-estate\/\">nearshoring and reshoring grow<\/a>, Laredo turned into a <a href=\"https:\/\/www.commercialsearch.com\/news\/next-industrial-hotspot-head-south-and-then-some\/\">hotspot for industrial warehouse investment<\/a>, with more than 200 logistics companies and north of 500 businesses entrenched in the area. Port Laredo facilitated more than 40 percent of cross-border commerce in 2023, with approximately 15,000 trucks flowing through it daily, according to the North Laredo Industrial Park website. <\/p>\n\n\n\n<p>Another nearby deal closed in May, when Morgan Stanley Real Estate <a href=\"https:\/\/www.commercialsearch.com\/news\/morgan-stanley-real-estate-sells-4-warehouses-for-178m\/\">sold four fully-leased assets<\/a> totaling 1.2 million square feet in El Paso, Texas and Laredo. Two different buyers paid $178 million for the buildings.<\/p>\n\n\n\n<p>The McAllen industrial market boasted record demand in 2024\u2019s first quarter, at 3.3 million square feet\u2014nearly double the 38-quarter trailing average, according to a CBRE report. Moreover, the figure clocked in at 3 million square feet more than the total vacant space and 2.6 million square feet more than the total available space.<\/p>\n\n\n\n<p>The industrial vacancy rate was 1.3 percent as of March 2024, marking a 50-basis-point decrease quarter-over-quarter, the same report shows. What&#8217;s more, the rate for Class A assets was just 0.8 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shelter Growth Capital Partners issued a $24.3 million acquisition note. <\/p>\n","protected":false},"author":3471,"featured_media":1004716561,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,51973],"tags":[32776],"class_list":["post-1004716558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-southwest","tag-thor-equities"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Thor Expands With 250 KSF Mexico-Border Facility - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Thor Equities Group purchased an industrial facility in Laredo, Texas. 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