New York, NY, June 07, 2024 (GLOBE NEWSWIRE) — Thor Equities Group, a global leader in real estate development, leasing and management, is pleased to announce the acquisition of a premier industrial facility in Laredo, Texas. This latest acquisition marks a significant milestone in the company’s expansion with the Port of Laredo being the United States’ leading international trade port.
Located on 18 acres in Laredo, Texas, the 250,000 square foot distribution facility was delivered in late 2023 and features 30′ clear heights, 3,000 square feet of office space, 48 docks, 233 trailer stalls, and 272 parking spaces. While under contract, Thor Equities successfully negotiated a five year lease with EELCO, a US Customs Broker with over 30 years history in Laredo, at a record rental rate for product of comparable size in the market. Due to nearshoring and an explosion of trade between Mexico and the USA, Laredo is one of the most crucial land ports in the world. The bustling port is directly across …