Thor Equities Boosts Portfolio with $24.3M Industrial Facility Purchase in Laredo, TX

Thor Equities Group has acquired a 250,000-square-foot industrial facility in Laredo, Texas. The property was sold by a private individual, and Shelter Growth Capital Partners provided a $24.3 million loan for the purchase.

Property Features and Specifications

The facility, part of the expansive 1,600-acre North Laredo Industrial Park, was constructed by White Ark Enterprises and completed in 2023. Key features include 30-foot clear heights, 48 docks, 233 trailer stalls, 272 parking spaces, and 3,000 square feet of office space. EELCO, a U.S. Customs Broker, has signed a five-year lease for the building, making it their headquarters.

Strategic Location

Situated on 18 acres at 15241 Fatima Drive, the facility is strategically located about 4 miles west of Interstate 35 and 8 miles south of U.S. Route 83. It is also 10 miles northeast of the World Trade International Bridge and 18 miles south of the new $7.4 billion Talise development.

Nearshoring Boosts Laredo’s Industrial Market

Laredo has become a key area for industrial warehouse investment due to the rise in nearshoring and reshoring activities. The city hosts over 200 logistics companies and more than 500 businesses. In 2023, Port Laredo managed over 40 percent of cross-border commerce, with around 15,000 trucks passing through daily.

Recent Market Activity

In May, Morgan Stanley Real Estate sold four fully-leased properties, totaling 1.2 million square feet, in El Paso and Laredo for $178 million to two different buyers.

Record Demand in McAllen Industrial Market

The McAllen industrial market saw unprecedented demand in the first quarter of 2024, reaching 3.3 million square feet—almost double the 38-quarter average. This demand exceeded the total vacant and available space significantly. The industrial vacancy rate in McAllen was 1.3 percent as of March 2024, with Class A assets experiencing a vacancy rate of just 0.8 percent.