Realterm Acquires 40-Acre Industrial Outdoor Storage Facility in Laredo, Texas
ANNAPOLIS, Md. — June 4, 2026 — Realterm Global, an independent global investment manager focused on the transportation industry, has completed the acquisition of a 40-acre industrial outdoor storage (IOS) facility at 14610 Mines Road in Laredo, Texas, the firm announced Wednesday.
Property Details and Current Tenancy
The fully secured site features two points of ingress and egress and includes 25.3 concrete-paved acres currently leased to Heartland Express, a North American truckload carrier specializing in dry van and temperature-controlled transportation services. Improvements on the paved portion include a 22,250-square-foot check-in station, a 6,800-square-foot office, and a 3,000-square-foot wash bay. The remaining roughly 14.7 acres are unencumbered and, according to Realterm, offer optionality to lease for overflow trailer parking or to develop a maintenance facility or truck terminal. Financial terms of the transaction, including sale price and cap rate, were not disclosed.
Strategic Location
The property sits along Mines Road in Laredo, providing direct access to the World Trade Bridge and proximity to US-59 and Interstate 35 — routes that serve key border access points and the broader Laredo market. According to data cited by Realterm from the Texas Comptroller of Public Accounts, Port Laredo ranked first in the United States for total trade in the fourth quarter of 2025, with more than $339.5 billion in commodities passing through the South Texas port of entry.
"Laredo is one of the most important freight gateways in the world, and we have continued strengthening our presence there," said Ed Brickley, Managing Director, Senior Fund Manager at Realterm. "This acquisition reflects our conviction that assets serving high-volume cross-border trade corridors will continue to perform because of their critical attributes."
Realterm's Investment Thesis
Realterm has built its investment platform around transportation-centric real assets, including truck terminals, logistics facilities, and IOS properties. The Laredo acquisition adds a secured, operator-ready asset with unencumbered acreage available for future development.
"This site is exceptionally well-positioned given its unmatched connectivity to the U.S.-Mexico border and the broader market," said Brennan Cascarano, Investments at Realterm. "The in-place improvements represent exactly the kind of functional, operator-ready infrastructure that tenants in this market demand. Combined with meaningful acreage still available for development, the asset has a strong foundation and real room to grow."
The year the existing improvements were constructed was not specified in Realterm's announcement. Occupancy details beyond the confirmed Heartland Express lease on the 25.3 paved acres were also not disclosed.