Borderlands Mexico: Developers Bullish on Texas Logistics Real Estate

Developers bullish on Texas logistics real estate:

• Ocotillo Capital Partners (OCP) is developing Capote International Business Park in Pharr, Texas, focusing on logistics and housing projects.
• The park aims to capitalize on the U.S.-Mexico border's commercial truck traffic, with a focus on nearshoring trends.
• Trade at Pharr-Reynosa International Bridge totaled $45.8 billion in 2023, connecting Pharr to Reynosa, Mexico.
• OCP is also looking into projects in Laredo, El Paso, and Brownsville, Texas, due to cross-border activities.
• The Port of Brownsville is seen as a significant trade channel between Texas and Mexico.

Waabi opens autonomous trucking terminal in Lancaster, Texas:

• Waabi, an autonomous trucking operator, has established an 8-acre terminal in Lancaster, Texas, for commercial expansion.
• The facility includes trailer parking, office space, maintenance shop, fueling station, and inspection areas.
• Waabi uses generative AI for autonomous trucks and sees Texas as a crucial location for its operations.

Mainfreight Ltd. leases freight terminal in Haslet, Texas:

• Mainfreight Ltd., a New Zealand-based logistics company, signed a lease for a 62,000-square-foot freight terminal in Haslet, Texas.
• The terminal will have 86 dock doors, office space, and parking for trailers, near Fort Worth.
• Mainfreight handles various freight services globally and plans to complete the terminal by December.

Kongsberg Automotive opens factory in Ramos Arizpe, Mexico:

• Kongsberg Automotive has opened a 166,840-square-foot factory in Ramos Arizpe, Mexico, producing automotive components for commercial vehicles.
• The plant strengthens the company's global footprint and supports doubling the flow control systems business in North America.
• Kongsberg Automotive is a Tier 1 automotive supplier headquartered in Zurich, with operations in Mexico since 2018.