EL PASO, Texas–(BUSINESS WIRE)–Blue Road Investments has closed on its acquisition of an industrial warehouse in eastern El Paso, TX for an undisclosed price. The 51,160 SF distribution facility, located at 9555 Plaza Circle, is 100% occupied by three transportation and logistics companies. This marks Blue Road’s 3rd acquisition in the greater El Paso market and expands its total holdings in the area to north of 535,000 SF of industrial space with 315,000 under construction in Santa Teresa, NM. “We are excited to add yet another quality asset to our El Paso portfolio. As long-term minded owners, we look forward to watching the continued growth of the region for years to come,” says Blue Road’s co-founder Joe Zingaro.
Will C. Brown, SIOR, of Sonny Brown Associates, LLC brokered the transaction and has been hired to handle the leasing and property management for the newly acquired asset. Jeff Hackmeyer, co-founder of Blue Road Investments, added, “Being based in Dallas, we rely heavily on having strong local partners for leasing and property management, and we greatly appreciate our growing relationship with Sonny Brown Associates, LLC.”
About Blue Road Investments, LLC
Based in Dallas, Texas, Blue Road Investments focuses on building a best-in-class portfolio of institutional quality warehouse distribution facilities in non-major, growth-oriented markets. Blue Road aims to acquire existing industrial assets as well as developable industrial land. Blue Road also seeks to provide joint venture equity on ground up speculative projects with strategic development partners in select markets.
About Sonny Brown Associates, LLC
Based in El Paso, Texas, Sonny Brown Associates, LLC is a commercial real estate consulting firm that specializes in industrial, office, retail, contact center and commercial properties of all types. They offer comprehensive real estate services including Landlord and Tenant Representations, investment sales, development, property management and real estate consulting for all asset types. The 50-year old firm is an established leader in real estate consulting and brokerage services in the El Paso metropolitan area and the Borderplex Region.