465 Industrial Avenue – Hunt Southwest “Bullish” on the El Paso Industrial Market

DALLAS — February 6, 2024 — Hunt Southwest Real Estate Development has acquired a 215,256-square-foot industrial building at 465 Industrial Avenue in Santa Teresa, New Mexico, in the El Paso-Las Cruces combined statistical area. Hunt Southwest purchased the vacant building from MCS Realty Partners for an undisclosed amount and will offer the newly acquired asset to the market for lease.

The Class A building was built in 2015 and features a 32-foot clear height; existing office space; an air-conditioned space for QC lab, production, or assembly; an ESFR sprinkler system; and a secure, fenced-in truck court with trailer staging area. There is also land adjacent to the building that can accommodate a 45,000-square-foot building expansion, additional parking, or outside storage. The facility is available for immediate occupancy and is CTPAT ready.

The building, located five miles north of the U.S.-Mexico border and the Santa Teresa Port of Entry, offers several logistical advantages, including faster processing and border-crossing compared to the Ysleta-Zaragoza Bridge in El Paso. It also offers immediate proximity to the Union Pacific Intermodal Terminal and Doña Ana County International Jetport in Santa Teresa, as well as excellent access to I-10. Potential tenants can also benefit from lower occupancy costs as New Mexico property taxes are one-third of those in Texas. Additionally, New Mexico allows heavier truck loads than Texas.

Hunt Southwest capitalized on the off-market opportunity to purchase this vacant Class A building based on the booming market and submarket. “We are very bullish on the El Paso/Santa Teresa industrial market,” said Hunt Southwest President Preston Herold. “The macroeconomic trend of re-shoring manufacturing to Mexico has heightened both interest and demand on the part of global companies seeking more efficiency in the transportation of goods, reduced shipping times, and lower logistics costs.”

Adin A. Brown, SIOR, President of Sonny Brown Associates, LLC, brought the acquisition opportunity to Hunt Southwest and will represent Hunt Southwest in the lease-up of the facility.

Hunt Southwest is not new to the El Paso market, having successfully acquired and leased up Rojas East Distribution Center, before selling the two-building industrial development to Clarion Partners in 2022.

About Hunt Southwest Real Estate Development
Hunt Southwest Real Estate Development is a Dallas-based, full-service real estate development company with a focus on industrial and cold storage real estate development in the Texas market.

Hunt Southwest is a joint venture between Unity Hunt, which is the Lamar Hunt family office, and Hunt Midwest, which is the real estate development company that the family founded in Kansas City in 1985. The Lamar Hunt family’s business portfolio also includes alternative investments and holdings in banking, energy, healthcare, technology, and sports, including the Kansas City Chiefs, Chicago Bulls, and FC Dallas.

465 Industrial Avenue Attachments: Marketing Brochure | Hi-Res Image