Four-building industrial portfolio in the El Paso MSA sells
JLL Capital Markets completed the sale of the fully leased, 326,166 SF portfolio
DALLAS, August 16, 2022 – JLL Capital Markets announced today that it has closed the sale of a four-building industrial portfolio totaling 326,166 square feet in El Paso, Texas and Santa Teresa, New Mexico.
JLL marketed the portfolio on behalf of Blue Road Investments. STAG Industrial acquired the portfolio.
The portfolio comprises four-buildings of infill distribution space that is 100% leased to a dynamic tenant roster of diverse industries.
The buildings are located at 150 Earhardt Way, 9494 Escobar Dr., 9555 Plaza Circle and 9571 Pan American Dr. within the North American borderplex, a combination of the Las Cruces and El Paso MSA’s in addition to Cuidad Juarez, Mexico. The borderplex is home to more than 2.7 million residents with one of the largest bilingual workforces in the world and the seventh largest manufacturing hub in North America, employing more than 275,000 individuals in the region. The portfolio features premier, infill logistics locations with immediate access to vital local and regional highways infrastructure including Interstates 10 and 25, Loop 375, UP Intermodal, Ysleta-Zaragoza International Bridge and the Santa Teresa Port of Entry. As a result, the properties are well positioned to ship across the U.S. within two to three business days.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Dustin Volz and Trent Agnew, Directors Dom Espinosa and Zach Riebe, Associate Josh Villarreal and Analyst Jack Copher.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Blue Road Investments
Blue Road Investments is an entrepreneurial private investment firm based in Dallas, Texas. Blue Road focuses on warehouse distribution facilities in non-major, growth-oriented markets and will invest across the risk spectrum, ranging from acquisitions to speculative developments. With a long-term ownership mindset, Blue Road builds best-in-class portfolios of institutional quality assets in their target markets.
About STAG Industrial
STAG Industrial, Inc. (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.