Photo Credit: Titan Development
Annapolis, Md. (November 15, 2024) – Realterm, an independent global investment manager focused on the transportation industry, in partnership with Titan Development (“Titan”), a Southwest development and real estate investment firm, announced today that their joint venture partnership will develop a Class A, 440,300-square-foot cross-dock, high flow through building in Laredo, Texas.
The development, which sits on 26.08 acres in the high trade U.S.-Mexico border crossing market, will include 150 doors, 264 trailer stalls, a 185-foot truck court and 36-foot clear heights. The property will be divisible by two tenants and features two points of ingress / egress, making an efficient and functional layout.
“We’re excited to continue expanding our Texas portfolio with Titan’s partnership at another critical logistics location near the U.S. Mexico border,” said Joe Noon, Vice President of Development, Realterm. “Laredo’s prime transportation-advantaged location and nearshoring driven growth make it an ideal site for our development.”
“Laredo is a key logistics hub in North America, and the partnership between Titan and Realterm allows us to bring Titan’s development strengths to the region while tapping into Realterm’s knowledge in transportation and logistics real estate,” said Joe Iannacone, partner at Titan Development. “Together, this project will deliver essential infrastructure to support trade and economic growth in Laredo. We’re looking forward to the opportunities this partnership creates for both companies and the community.”
The property is strategically located in proximity to the Port of Laredo, the number one port in the nation with $320 billion in total trade with the world in 2023 according to U.S. Census Bureau data. The site is also a less than a 21-minute drive from the World Trade Bridge and 16 minutes from the Colombia Bridge border crossing, with easy access to Mines Road, I-69 and I-35. The property is being developed on a speculative basis and it will be available for lease.
This joint venture acquisition and development continues the steady growth of Realterm’s Texas portfolio of properties in Dallas, Houston, Austin, Del Valle, Hutchins, El Paso and Laredo. As one of the Southwest’s largest real estate firms, Titan brings a depth of local expertise and insight to the partnership.
About Realterm
Realterm is an independent global investment manager focused on the transportation industry. We acquire, develop, finance and manage differentiated real estate and infrastructure assets serving land, air, sea and rail networks across the world. Realterm currently manages over 11 billion USD in assets on behalf of global institutional investors.
About Titan Development
Titan Development is a Southwest development and real estate investment firm with experience in diversified asset classes across varied geographic markets. Titan has a wealth of real estate development experience including private equity fund investment and management, and has offices in Austin, TX, and Albuquerque, NM. Since 2017, Titan Development has closed on a total of $329 million in private equity funds.
