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Sealy Adds to El Paso Portfolio with Butterfield Trail Deal
Sealy & Company acquired two light industrial warehouse and distribution buildings totaling 131,616 square feet in El Paso’s Butterfield Industrial Park. The Dallas-based owner purchased the assets from Hagar Pacific Properties for an undisclosed amount.
The deal was led by Sealy’s Jason Gandy and Davis Gibbs, managing director of investment services and senior associate, respectively. They worked closely with CBRE’s Randy Baird.
“The Butterfield Trail submarket is one of the most noteworthy industrial areas in the El Paso market,” said Gandy. “We have historically owned properties in this market, and we are very familiar with the benefits that this location serves to our tenants as well as the overall demand for distribution space here.”
He added, “We believe that El Paso will continue to be an attractive market for investment as global firms reshore their manufacturing operations from Asia to Mexico to take advantage of the Maquiladora Program.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
