MDH Partners has expanded its industrial portfolio with the acquisition of a 129,301-square-foot, single-tenant facility at 302 Grand Central Blvd. in Laredo, Texas. The asset is fully leased to DHL Global Forwarding and sits within close proximity to the World Trade Bridge, described as the busiest commercial land crossing in North America.
The property is located in the Milo Industrial Park and was originally constructed in 2000. Designed to support logistics and distribution activity, the building is equipped with 44 dock-high doors, 47 trailer parking stalls and a fenced, secured yard. Rail connectivity is provided via Union Pacific, giving the site multimodal access suited to cross-border freight movement.
DHL Global Forwarding runs cross-border trucking and brokerage operations from the facility and has maintained a long-term presence at the location. The company has continuously occupied the building since 2001 and became its sole tenant in 2007, underscoring the building’s role in DHL’s regional logistics network.
On the capital markets side, Craig Tomlinson of Northmarq represented the seller in the transaction. Within MDH Partners, the acquisition was sourced by Makenna Barbara, reflecting internal origination for the firm. Specific pricing or financing details were not disclosed in the source material.
The building’s location ties directly into one of North America’s most active trade corridors. Laredo handles more than $25 billion in trade per month and accounts for nearly 60% of all annual trade between the U.S. and Mexico, positioning it as the busiest inland port on the continent. This trade volume underpins demand for logistics facilities such as the one acquired by MDH Partners, particularly assets offering direct truck access, trailer storage and rail-served infrastructure.
The combination of a long-term, single-tenant lease to DHL Global Forwarding, multimodal connectivity and adjacency to the World Trade Bridge highlights the strategic nature of the acquisition for both investor and tenant. While the article does not disclose transaction economics, it emphasizes the property’s alignment with cross-border trade flows and the durability of occupancy at the site.
