{"id":1004231346,"date":"2018-05-23T04:39:33","date_gmt":"2018-05-23T12:39:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004231346"},"modified":"2022-12-08T09:04:29","modified_gmt":"2022-12-08T17:04:29","slug":"viawest-sells-249-ksf-industrial-portfolio-in-tx","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/viawest-sells-249-ksf-industrial-portfolio-in-tx\/","title":{"rendered":"ViaWest Sells 249 KSF Industrial Portfolio in TX"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004231348\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Merchant.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004231348\" data-attachment-id=\"1004231348\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/viawest-sells-249-ksf-industrial-portfolio-in-tx\/merchant\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Merchant.jpg\" data-orig-size=\"1162,871\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Laura Calugar&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1526999699&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Merchant\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Merchant.jpg?w=1024\" class=\"wp-image-1004231348 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Merchant.jpg\" alt=\"Merchant Industrial \" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Merchant.jpg 1162w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Merchant.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Merchant.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Merchant.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004231348\" class=\"wp-caption-text\">Merchant Industrial<\/p><\/div>\n<p>CBRE has facilitated the sale of Merchant Industrial, a 245,945-square-foot industrial asset in El Paso, Texas. The company worked on behalf of both the seller\u2014ViaWest Group\u2014and the buyer, Stonelake Capital Partners.<\/p>\n<p>Located at 7155, 7157, 7177 and 7189 Merchant Ave., the four-building property provides easy access to Interstate 10. El Paso International Airport is only four miles away. The asset last traded in 2015, when ViaWest Group purchased it from New York-based Sullivan Crosby Trust. At that time, the buildings were only 40 percent leased, but ViaWest Group brought the property to almost full occupancy in October 2017.<\/p>\n<p><em>\u201cThese four industrial buildings were previously deteriorated and underperforming assets. After heavy renovation investments and repositioning, these buildings quickly became attractive to the logistics users in this market,\u201d<\/em> said CBRE El Paso Associate Arturo De La Mora, in a prepared statement.<\/p>\n<h2>Near-record leasing activity<\/h2>\n<p>The El Paso industrial market had a 7.9 percent vacancy rate as of the end of the first quarter of 2018, according to CBRE research. De La Mora and CBRE Capital Markets&#8217; Jonathan Bryan represented the seller in this transaction, while Bill Caparis, also part of the CBRE team in El Paso, worked on behalf of the buyer.<\/p>\n<p>In a joint venture with Taconic Capital, ViaWest Group recently purchased the <a href=\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-phoenix-office-asset\/\">252,350-square-foot Blackhawk Corporate Center<\/a> in Phoenix.<\/p>\n<p><em>Image via Google Street View <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE represented both parties involved in the deal. Merchant Industrial is a four-building property in El Paso, which the company previously acquired back in 2015. <\/p>\n","protected":false},"author":238,"featured_media":1004231348,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742],"tags":[32789,40143,33291,35281],"class_list":["post-1004231346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","tag-cbre","tag-jonathan-bryan","tag-stonelake-capital-partners","tag-viawest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ViaWest Sells 249 KSF Industrial Portfolio in TX - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/viawest-sells-249-ksf-industrial-portfolio-in-tx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ViaWest Sells 249 KSF Industrial Portfolio in TX\" \/>\n<meta property=\"og:description\" content=\"CBRE represented both parties involved in the deal. Merchant Industrial is a four-building property in El Paso, which the company previously acquired back in 2015.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/viawest-sells-249-ksf-industrial-portfolio-in-tx\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-23T12:39:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T17:04:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Merchant.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1162\" \/>\n\t<meta property=\"og:image:height\" content=\"871\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/viawest-sells-249-ksf-industrial-portfolio-in-tx\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/viawest-sells-249-ksf-industrial-portfolio-in-tx\/\",\"name\":\"ViaWest Sells 249 KSF Industrial Portfolio in TX - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/viawest-sells-249-ksf-industrial-portfolio-in-tx\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/viawest-sells-249-ksf-industrial-portfolio-in-tx\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Merchant.jpg\",\"datePublished\":\"2018-05-23T12:39:33+00:00\",\"dateModified\":\"2022-12-08T17:04:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/viawest-sells-249-ksf-industrial-portfolio-in-tx\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/viawest-sells-249-ksf-industrial-portfolio-in-tx\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/viawest-sells-249-ksf-industrial-portfolio-in-tx\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Merchant.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Merchant.jpg\",\"width\":1162,\"height\":871},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/viawest-sells-249-ksf-industrial-portfolio-in-tx\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ViaWest Sells 249 KSF Industrial Portfolio in TX\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38\",\"name\":\"Laura Valean\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Laura-Calugar.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Laura-Calugar.jpg?w=96\",\"caption\":\"Laura Valean\"},\"description\":\"Laura Valean is an Executive Editor with Commercial Property Executive and Multi-Housing News. 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