“The 14002 Mercury Drive facility presents an excellent opportunity to acquire a recently constructed asset in a well-connected submarket of Laredo that is 100% leased to a logistics company for another 6 years,” said Makenna Barbara at MDH Partners. “Laredo’s expanding industrial market, fueled by increasing trade with Mexico, offers significant opportunities for growth. We are excited to leverage the positive market dynamics in Laredo and remain highly optimistic about the region’s potential. This acquisition reflects our ongoing commitment to expanding our footprint not just in Laredo, but across the entire state of Texas.”
Construction on 14002 Mercury Drive was completed in 2023 and is part of the North Laredo Industrial Park. The property features 50 car parking spaces, 73 trailer parking spaces and 27-foot clear heights. The building offers users 35 overhead doors, one ramp and a 3,500-square-foot office. The facility is surrounded by industrial users including Oshkosh, Prolamsa, Rheem and Kongsberg Automotive and key logistics companies including FedEx, Continental and KLLM Transport Services. 14002 Mercury Drive is ideally positioned directly off I-35, providing excellent connectivity to surrounding Texas markets as well as to the Mexico-U.S. border via the World Trade Bridge, the main commercial port of entry in Laredo.
MDH currently owns or manages approximately 24 million square feet across 30 markets in 18 states. The acquisition of 14002 Mercury Drive brings MDH Partners’ Texas footprint to more than 6.5 million square feet.
About MDH Partners
MDH Partners is an Atlanta-based real estate investment company managing its discretionary funds targeting industrial real estate across the United States on behalf of its institutional investors. Founded in 2005 as the successor to a fifty-year-old local real estate development company, MDH Partners has led and/or participated in over $6 billion (90 million square feet) of acquisitions, developments, and asset management as an advisor and investor. For more information, visit www.mdhpartners.com.
