FORUM CRE Arranges a 500,000 SF Lease Agreement Between JAMCO Group and Majestic Realty Co.

Laredo, TX- JAMCO Group signs long-term lease at Majestic’s Laredo Business Park for a warehouse space totaling 500,000 square feet, the single largest warehouse space built in Laredo, TX. The building was originally developed in 1999 by Majestic Realty Co., the leading privately held industrial developer in the country. The space was first developed as a built-to-suit for Mattel, Inc. and is part of a two building 60-acre master planned business park, in the heart of Laredo’s industrial area. “We are excited to see JAMCO, a Laredo based company, expand into the largest single facility in South Texas with Majestic Realty Co. This project would not have been achievable without a strong market expert guiding the user. Carlo Molano has continued to reaffirm his role as the leading commercial real estate broker and figure in South Texas, and we’re pleased to close the single largest industrial transaction in Laredo with him and FORUM CRE.” said Kyle Valley, Senior Vice President at Majestic Realty. By providing global logistics, freight forwarding services and other supply chain services, Jamco Group became the first local US Customs broker to land in a larger than 100,000 square feet space in the market, over the last 20 years. Now at their 25th anniversary, and with multiple locations along the US-Mexico border, JAMCO has made a regional mark with well over 700,000 square feet of space in Laredo, and nearly 1,000,000 square feet across the Texas-Mexico border region. “This facility will allow us to expand our growing partnerships with our client base to better service them in Laredo and the region” said Rahul Oltikar, Chief Operating Officer at JAMCO Group. “FORUM CRE was instrumental in assisting us with this market expansion that takes us to a total of 750,000 square feet”, added Oltikar. Occupancy is scheduled for this June. The space will be used as a distribution center for finished goods being manufactured in Mexico, that are staged in Laredo, Texas as their cross-border distribution hub in the United States. “Their growth is a great testament to their diligence and work, as well as the positive impact brought on by the expansion into other supply chain services including, ocean and air transportation, trade consultation, and management of distribution centers.” Said Carlo Molano, Managing Principal at FORUM Commercial Real Estate.