Majestic Realty Co. buys 2,000 acres in LaredoMajestic Realty Co. buys 2,000 acres in Laredohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=9912015-05-20T08:28:00Z2015-05-19T07:43:00Z

LAREDO - Majestic Realty Co., the nation’s largest, privately-held real estate development company, has completed the acquisition of a 2000-acre land site from a subsidiary of Mercedes-Benz.

Majestic plans to redevelop the site with modern warehouse distribution space to support the growing international flow of commerce between Mexico and the United States, according to company officials.

Although early in the process, Majestic executives have begun master-planning the development with intent to put the first phase of development into production immediately.

Working cooperatively with the City of Laredo, Majestic seeks to provide local, national and multi-national users the facilities required to support Mexican trade flow of the nation’s No. 1 inland port.

Laredo recently advanced its rank and is the nation’s second largest customs district with annual U.S-Mexico trade totaling $280 billion, according to WorldCity.

See the just released Texas Ports Of Entry 2015 (PDF).

Free data? See Laredo Market Research.

Laredo Morning Times
http://www.lmtonline.com/business/article_6f43863c-f694-11e4-8dd5-3715e20444c6.htmlRead more at {Source}

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