New facilities and expansions projected to create 174 Jobs and over $67 million in capital investment. By KCBD Staff Published: Aug. 27, 2026 at 12:13 PM PDT | Updated: 5 hours ago Provided by Lubbock Economic Development Alliance LUBBOCK, Texas (NEWS RELEASE) - Businesses across a wide range of industries and sizes, from nationwide operations to family-owned companies, continue to choose Lubbock as their place to grow. Terracon Engineering Consultants, Paramount Hardware and Supply, Redemption Aero, Ambrose, and Seals Commercial Holdings, LLC are helping drive community and economic growth by providing career opportunities for citizens and graduates in Lubbock through their business expansion projects in West Texas. Altogether, these businesses are projected to bring Lubbock tens of millions of dollars in new capital investment to the tax rolls and 174 new jobs, with a combined annual payroll of $11 million. Terracon Engineering Consultants, an employee-owned engineering consulting firm, is expanding its presence in Lubbock with a $6 million capital investment and the creation of 75 new jobs. The development represents continued growth in Lubbock's professional and technical services sector, bringing new employment opportunities and investment to the community. "At Terracon, we continually strive to be 'Best at People,' and Lubbock continues to be a key market for making that happen," said the West Texas Director of Regional Operations, Erin Loyd. "With its central location in West Texas, Lubbock provides high-quality talent in critical roles such as engineers, scientists and technicians. The expanding Lubbock facility will serve as an epicenter for our growing client demand while continuing to meet our standard of exceptional service." Paramount Hardware and Supply is a locally owned construction supply company serving residential and commercial customers throughout the region. As the company continues to grow, Paramount is expanding Lubbock operations to strengthen its distribution capabilities and better serve customers across West Texas. The expansion will include $3.8 million in investments to the company's facilities, along with the creation of 15 jobs, to support increased capacity and position Paramount Hardware and Supply for continued long-term growth in the region. Redemption Aero is developing a new aviation Maintenance, Repair, and Overhaul (MRO) operation in Lubbock and is currently undergoing the FAA Part 145 certification process. Once certified, the facility will provide services including inspection, maintenance, repair and return-to-service for commercial aircraft components and parts. Redemption Aero is investing an estimated $3.65 million to retrofit an existing facility, helping expand specialized aviation maintenance capabilities and support the commercial aviation supply chain in the region. The company plans to create 54 new primary jobs, with employees projected to earn $62.8 million over the next 10 years. Ambrose is an Indianapolis-based developer representing a U.S. automotive parts distributor looking to establish a new distribution facility in the Lubbock Business Park. Overall, this project is expected to bring a total investment of $14 million and 30 new jobs to Lubbock. Due to a limited number of large industrial buildings in Lubbock, local developer Seals Commercial Holdings, LLC is investing $40 million to build a 350,000-square-foot cross-dock speculative facility for traditional manufacturing and distribution operations. The addition will provide a turnkey facility that offers companies a streamlined way to establish operations, creating an opportunity for investment in its community and workforce expansion. "These new investments and jobs reflect Lubbock's continued strength as a crucial hub for a diverse range of industries," said President and CEO of the Lubbock Economic Development Alliance, John Osborne. "This growth creates new opportunities for our citizens and graduates, while generating economic benefits that extend throughout our entire region." The new facilities and expansions are projected to create a combined 174 Jobs and over $67 million in capital investment. About Lubbock Economic Development Alliance Since its inception in 2004, LEDA has assisted 330 companies with their expansion or relocation to Lubbock. These companies are committed to creating 14,433 jobs and investing more than $3.3 billion in new capital improvements that have resulted in $2.4 billion in value-added impact to the Lubbock area.

Ambrose and PREA Foundation unveil Opportunity Scholarship Program for the next generation of commercial Real Estate leaders. Five-year program will support 50 internships for students annually across the industry through 2030 INDIANAPOLIS-(BUSINESS WIRE)-Ambrose, a vertically integrated real estate investment manager that specializes in acquiring, developing and operating modern industrial, logistics and e-commerce real estate, in partnership with the Pension Real Estate Association ("PREA") Foundation, today announced the launch of the Ambrose x PREA Foundation Opportunity Scholarship Program, which will fund 50 internship scholarships annually to support the next generation of leaders in commercial real estate. Ambrose has pledged $1,000,000 to support the five-year program. The program, which is open to undergraduate and graduate students from all backgrounds, aims to remove financial roadblocks and open meaningful doors in an industry historically characterized by higher barriers to entry and career advancement. Students who have accepted an internship through a PREA Foundation-funded program and expressed a financial need to pursue a career in the commercial real estate and/or finance sectors will be considered for the scholarships. The program's inaugural 2026 Scholars Class will be announced later this spring. "As a direct beneficiary of an internship program that opened the doors to the start of my successful industrial real estate career, I am proud that Ambrose is playing such an impactful role in cultivating the future talent pipeline of our industry," said Aasif Bade, Founder and CEO of Ambrose. "Programs such as this provide the practical experience, exposure, foundational knowledge and inspiration that is critical for a young person's career trajectory. I am grateful for the support and partnership of the PREA Foundation as we help to create life-changing opportunities for the next generation of innovative young professionals who will have a positive and enduring impact on our industry for many decades to come." PREA Foundation is the philanthropic arm of PREA, a non-profit trade organization representing the global institutional real estate investment industry. The Foundation's mission is to advance the interests and values of the institutional real estate investment community by creating opportunities for people from all backgrounds to access and excel in the industry. They provide grant funds to create programs that equip emerging talent with the skills, experiences and opportunities needed for long-term career success in the real estate industry. "Ambrose's investment reflects the kind of leadership that defines our industry at its best," said Dr. Ivan Barron, Executive Director of the PREA Foundation. "Aasif's journey is a powerful example of what access and opportunity can unlock, and his decision to pay that forward will create transformative pathways for more than 200 students to enter and advance in commercial real estate. By addressing financial barriers at a critical moment, this scholarship helps ensure that emerging talent can pursue and sustain long-term careers in our industry." About Ambrose Ambrose is a vertically integrated investment manager focused exclusively on acquiring, developing and operating modern industrial, logistics and e-commerce real estate throughout the United States. Founded in 2008, the firm pairs institutional expertise with a people-first approach to drive performance and progress, partnering with leading global occupiers of logistics and manufacturing assets. The firm is headquartered in Indianapolis with offices in Fort Lauderdale, Denver and Cincinnati. For more information, visit ambrosepg.com. About PREA Founded in 1979, the Pension Real Estate Association (PREA) is a non-profit trade association for the global institutional real estate investment industry. PREA currently lists over 700 corporate member firms across the United States, Canada, Europe and Asia. PREA members include public and corporate pension funds, endowments, foundations, insurance companies, investment advisory firms, REITs, developers, real estate operating companies and industry service providers.