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Texas  + State of Texas  + Industrial  | 
Stonelake Capital Partners buys 90-lot in El Paso for business park

Dallas-Based Stonelake Travels to El Paso to Buy Large Industrial Tract

Stonelake Capital Partners has purchased 90 acres near a high profile intersection in East El Paso. The 375 Logistics Park will go in at Montana Avenue and Joe Battle Boulevard. Stonelake bought the parcel from River Oaks Properties, a large El Paso shopping center developer, for an undisclosed amount. For tax purposes, the parcel has been appraised at $30.8 million.

The company is planning to build a 1.3 million square foot business park, consisting of from four to six buildings. Construction is expected to begin in the first quarter of next year and be completed by the end of 2023.

Stonelake Capital Partners is currently building the Eastlake Logistics Park in El Paso. It will include 1.1. million square feet of space spread among six buildings.

CBRE reports that El Paso’s vacancy rate remains at a low 1.4%. CBRE also says El Paso has a record amount of industrial space under construction, 6.3 million square feet.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition
  • ◦Development
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