{"id":1004654764,"date":"2023-04-03T07:40:21","date_gmt":"2023-04-03T15:40:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004654764"},"modified":"2023-04-03T07:40:23","modified_gmt":"2023-04-03T15:40:23","slug":"blue-road-starts-final-phase-of-1-3-msf-el-paso-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blue-road-starts-final-phase-of-1-3-msf-el-paso-project\/","title":{"rendered":"Blue Road Starts Final Phase of 1.3 MSF El Paso Project"},"content":{"rendered":"
\"Rendering

Rendering of Westpark Logistics Center’s Building 4. Image courtesy of CBRE<\/em><\/p><\/div>\n

Blue Road Investments<\/strong> has broken ground on West Park Logistics Center\u2019s Phase III, in Santa Teresa, N.M. This last phase of construction, to include two buildings totaling 646,263 square feet, will bring the Class A, master-planned industrial campus to more than 1.3 million square feet. Delivery is scheduled for January 2024.<\/p>\n

The 425,368-square-foot Building 3 will be a cross-dock property situated at the southeast corner of Industrial Avenue and Strauss Road, while the 220,895-square-foot Building 4 will be a rear-load facility.<\/p>\n

Both facilities are designed to accommodate tenants averaging in sizes between 50,000 to 420,000 square feet. CBRE<\/strong>\u2019s team of First Vice President Rex Maingot and Senior Vice President & Director Christian Perez Giese are in charge of marketing the new properties for lease of for sale.<\/p>\n

Westpark Logistics Center is close to Interstate 10, some 6 miles from Union Pacific Railroad Intermodal Terminal and The Santa Teresa Port of Entry, 21 miles from El Paso, Texas, and 28 miles from El Paso International Airport.<\/p>\n

\n

READ ALSO<\/strong>: Warehouse Development to Drop in 2023: Prologis<\/a><\/p>\n

\n

The logistics campus currently includes the 315,000-square-foot speculative Building 1, located at 655 Industrial Ave., and the 364,500-square-foot Building 2, located at 550 Industrial Ave. Completed in 2021 and 2022, the facilities feature 36-foot clear heights, 185-foot truck courts and ESFR sprinkler systems, CommercialEdge data shows.<\/p>\n

The developer secured two tenants at Building 1: Ergomotion and Tecma. The property’s roster also features Valley Cold Storage & Transportation, MCS Industries Inc. and FedEx Ground.<\/p>\n

El Paso, a supply-constrained market<\/h2>\n

According to prepared remarks by Blue Road Investments’ Co-Managing Partner, Jeff Hackmeyer, a growing number of companies are working on establishing a presence in the supply-constrained El Paso, Texas, market, contributing to the effort of leading supply chains back into North America.<\/p>\n

CommercialEdge data shows 5.9 million square feet of industrial space are currently under construction in El Paso, which was the third emerging industrial market<\/a> in the U.S. in 2022. All 15 properties underway are marketed by CBRE.<\/p>\n

Earlier in March, MDH Partners entered into a purchase agreement<\/a> for the acquisition of a 550,000-square-foot industrial park in El Paso. MDH is not only the future owner, but also a lender for the property.<\/p>\n

In August 2022, Blue Road Investments sold a 326,166-square-foot industrial portfolio of four buildings<\/a> across the El Paso market. STAG Industrial purchased the fully leased assets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Delivery is scheduled for January 2024.<\/p>\n","protected":false},"author":2991,"featured_media":1004654808,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742],"tags":[51953,32789,51687],"class_list":["post-1004654764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","tag-blue-road-investments","tag-cbre","tag-mdh-partners"],"acf":[],"yoast_head":"\nBlue Road Starts Final Phase of 1.3 MSF El Paso Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Blue Road Investments has started construction on West Park Logistics Center\u2019s last phase, in Santa Teresa, N.M.\" \/>\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\/blue-road-starts-final-phase-of-1-3-msf-el-paso-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blue Road Starts Final Phase of 1.3 MSF El Paso Project\" \/>\n<meta property=\"og:description\" content=\"Blue Road Investments has started construction on West Park Logistics Center\u2019s last phase, in Santa Teresa, N.M.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blue-road-starts-final-phase-of-1-3-msf-el-paso-project\/\" \/>\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=\"2023-04-03T15:40:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-03T15:40:23+00:00\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Westpark-Building-4-e1680263987788.jpg\" \/>\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\/blue-road-starts-final-phase-of-1-3-msf-el-paso-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/blue-road-starts-final-phase-of-1-3-msf-el-paso-project\/\",\"name\":\"Blue Road Starts Final Phase of 1.3 MSF El Paso Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blue-road-starts-final-phase-of-1-3-msf-el-paso-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blue-road-starts-final-phase-of-1-3-msf-el-paso-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Westpark-Building-4-e1680263987788.jpg\",\"datePublished\":\"2023-04-03T15:40:21+00:00\",\"dateModified\":\"2023-04-03T15:40:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Blue Road Investments has started construction on West Park Logistics Center\u2019s last phase, in Santa Teresa, N.M.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blue-road-starts-final-phase-of-1-3-msf-el-paso-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/blue-road-starts-final-phase-of-1-3-msf-el-paso-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blue-road-starts-final-phase-of-1-3-msf-el-paso-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Westpark-Building-4-e1680263987788.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Westpark-Building-4-e1680263987788.jpg\",\"width\":3600,\"height\":2700,\"caption\":\"Rendering of Westpark Logistics Center's Building 4. 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