What's Happening?
David Ebrahimzadeh, Founder and President of Corniche Capital, has announced the development of up to 400,000 square feet of build-to-suit industrial space at Los Morros Business Park in Los Lunas, New Mexico. This project is strategically located adjacent to Meta's data center campus and aims to cater to a variety of industrial needs, including manufacturing, distribution, cold storage, and data centers. The site offers significant state and local economic incentives, such as tax abatements and job training programs, making it an attractive location for industrial tenants. The development is positioned to leverage the infrastructure and economic advantages of the region, providing custom-built facilities tailored to the specific needs of high-value
industrial users.
Why It's Important?
This development is significant as it highlights the growing industrial and technological infrastructure in New Mexico, particularly in the Los Lunas area. The proximity to major facilities like Meta's data center and the availability of substantial economic incentives make it a competitive location for businesses looking to expand or relocate. The project supports the reshoring of supply chains and nearshoring initiatives, which are critical in the current economic climate. It also underscores the strategic importance of New Mexico as a hub for industrial growth, offering a favorable environment for businesses in terms of logistics, power, and workforce development.
What's Next?
The development is expected to proceed with construction-ready timelines, offering flexibility for custom-configured facilities. As the project progresses, it may attract more businesses to the area, further boosting the local economy and industrial ecosystem. The involvement of major companies like Meta and the support from state and local governments suggest a strong commitment to fostering industrial growth in the region. Future developments may include additional infrastructure improvements and increased investment in renewable energy to support sustainable industrial operations.
