El Paso to Get 800,000 Square Feet of New Industrial Building Space
It will be called the Constellation Trade Center and will begin construction this summer. Completion is slated for second quarter 2023.
Constellation Real Estate Partners is joining forces with a Crow Holdings Capital advised fund to build the project on 52 acres of land. Just this March, the same duo combined on the acquisition of 33 acres in Houston for Constellation Post Oak, a two-building, a 426,000 square-foot industrial development. Construction on the Houston project is scheduled to start in June.
The El Paso project is a speculative project for target distribution, fulfillment, e-commerce and light industrial users from 40,000 square feet to 362,000 square feet.
Recent vacancy rates give Constellation’s J. W. Fields optimism, “Constellation Trade Center benefits from the acceleration of supply chain diversification…the area has a current market vacancy of 1.5%”
The project is just a mile off I-10 and five miles from the Zaragoza Bridge Port of Entry to Mexico.
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.
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