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Blue Road Makes Third El Paso Buy
Dallas-based Blue Road Investments has closed on its acquisition of an industrial warehouse in eastern El Paso, for an undisclosed price. The 51,160-square-foot distribution facility, located at 9555 Plaza Cir., is 100% occupied by three transportation and logistics companies.
This marks Blue Road’s third acquisition in the greater El Paso market and expands its total holdings in the area to north of 535,000 square feet of industrial space with 315,000 square feet under construction in Santa Teresa, NM. It’s also the second El Paso industrial acquisition by a Dallas-based investor in as many days, following one by Sealy & Company.
“As long-term minded owners, we look forward to watching the continued growth of the region for years to come,” says Blue Road’s co-founder Joe Zingaro.
Will C. Brown, SIOR, of Sonny Brown Associates, LLC brokered the transaction and has been hired to handle leasing and property management.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
