Sunwest and AKRE Partners Further Expand Laredo Portfolio with Acquisition of 814 Union Pacific Blvd

AKRE Partners, LLC and Sunwest Real Estate Group today announced the acquisition of 814 Union Pacific Boulevard, a vacant 51,252-square-foot small-bay, concrete tilt warehouse located within Milo Distribution Center, one of Laredo’s most desirable infill industrial submarkets. The property was acquired off-market.

Built in 2007, 814 Union Pacific spans 2.87 acres. The property is designed for a logistics or customs brokerage tenant with 26 trailer stalls, 14 dock-high loading doors, 20’-22’ clear heights, and truck court depth of 200’. Alfonso Jasso with Forum CRE will serve as the leasing agent on behalf of AKRE and Sunwest.

“We’re excited to add another asset to our Laredo portfolio,” said Nadav Kariv, Managing Partner of AKRE Partners, LLC.

“The underlying fundamentals here are exceptional—40%+ of U.S.–Mexico trade flows through this corridor, yet industrial supply remains critically constrained. We are incredibly bullish on Laredo and committed to growing our portfolio here.”

814 Union Pacific is located 3.5 miles from the World Trade Bridge, the largest and most important overland port in the United States. More than 50% of all cross-border truck traffic between the U.S. and Mexico passes over the World Trade Bridge.

“Milo Distribution Center and Killam Industrial Park are Laredo’s two most desirable submarkets, and vacancy for small and mid-bay product here remains below 3%, with virtually no competitive new supply under construction,” added Harry Ashforth, Managing Partner of AKRE Partners, LLC. “814 Union Pacific is an excellent example of a building that rarely comes up for lease in this market.”

The acquisition collectively represents AKRE and Sunwest’s fourth industrial acquisition in Laredo over the last nine months, which now provides the partnership with the only two vacant warehouses between 40,000 and 60,000 sq. ft. in Milo and Killam.

“We are pleased to see continued strong leasing velocity across the partnership’s growing industrial portfolio,” said Marc Grossfeld, Managing Principal of Sunwest Real Estate Group. Added Robert Clark, Sunwest Senior Vice President: “It underscores our thesis that AKRE and Sunwest can be successful in a market where supply constraints, trade growth and hands-on execution will drive results.”

In addition to 814 Union Pacific, the partnership’s Laredo portfolio includes:

• 813 Nafta: 50,000 square-foot small-bay warehouse; Milo Distribution Center, Laredo
• 13609 Archer: 36,000 square-foot small-bay warehouse; Killam Industrial Park, Laredo
• 310 Union Pacific: 17,000 square-foot small-bay warehouse; Milo Distribution Center, Laredo

About AKRE Partners, LLC (AKRE)

AKRE Partners is a privately held real estate investment firm specializing in value-add and opportunistic strategies across small-bay industrial and flex assets nationwide. With decades of combined experience and over $1.5 billion in transaction history, the firm targets high-growth markets with strong fundamentals and supply-demand imbalances.

 About Sunwest Real Estate Group

Sunwest Real Estate Group is a Dallas-based real estate investment and operating firm with a focus on creating long-term value through the acquisition, management, and repositioning of high-quality properties. Sunwest has a track record of delivering superior returns to investors while fostering tenant relationships and community impact.