Everything Rene Alcala said at the State of the RGV Real Estate Forum
WESLACO, Texas - A senior executive with Killam Development says demand for industrial real estate in Mexico and the southern US is accelerating with his company receiving inquires from Alaska, Indiana and Illinois.
Rene Alcal\xe1, director of business development, RGV leasing and sales for Killam, was a panelist at the recent State of the RGV Real Estate Forum hosted by the Rio Grande Valley Partnership and RGV First. Killam is developing a large industrial park near the Anzalduas International Bridge in Mission.
\u201cThe demand for industrial real estate in Mexico and the southern US is accelerating as we saw with Carlos Marquez\u2019 and Carlos Telles\u2019 presentations,\u201d Alcal\xe1 said.
Industrial real estate specialists Carlos Marquez and Carlos Telles were on the same panel as Alcal\xe1.
\u201cWithin the next five to ten years we expect to see an interconnected web of manufacturing, assembly, warehouse logistic facilities emerge as these corporations seek to optimize their supply chains,\u201d Alcal\xe1 said.
Alcal\xe1 asked those in the audience if they remember watching news during COVID and seeing shipping containers stretched out for miles at sea trying to get into the Port of Los Angeles. Supply chains were disrupted and some products were unavailable in the stores, he recalled.
\u201cSo that is what we want to avoid. The risk mitigation of having to depend on sea transportation of these products rather than buying land (along the border of the US or Mexico). (It) is a lot easier (to buy landO and a lot more cost effective. The distances are shorter. So those are some of the benefits that we see with near-shoring.\u201d
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