Texas

LAREDO, TEXAS — A partnership between Standard Real Estate Investments and Brennan Investment Group will develop a 433,000-square-foot industrial facility in the Rio Grande Valley city of Laredo. The site is located within Pinnacle Industry Center, and the development will be known as Laredo Pinnacle Development II. Building features will include 156 dock doors, four drive-in doors, 185- to 240-foot truck court depths, an ESFR sprinkler system, parking for 144 cars and 197 trailers and the capacity to accommodate a single or multiple users. Construction is scheduled to begin in the coming days and to be last about a year.

EL PASO, TEXAS — Dallas-based development and investment firm Provident has broken ground on a three-building, 497,280-square-foot industrial project in El Paso. The project, all buildings of which will feature rear-load configurations, represents Phase IV of Gateway Logistics Park. Buildings 4 and 5 will each span 147,420 square feet and will have a shared 205-foot truck court. Building 6 will total 202,440 square feet and will have a 130-foot truck court and 44 trailer parking stalls. Completion is slated for early 2026. The first three phases of Gateway Logistics Park added 921,759 square feet of space to the local supply. Last fall, in two separate transactions, Provident sold three buildings within the development to Philadelphia-based EQT Exeter: two buildings totaling 576,365 square feet in August and a 345,394-square-foot building in September.