Monday, June 29, 2015

HFF closes sale of 5-building, Class A industrial portfolio in El Paso and Harlingen, TX

    
El Paso, TX industrial properties


Randy Baird
 DALLAS, TX, June 29, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of a five-building, Class A industrial portfolio totaling 758,715 square feet in El Paso, Texas, and 144,000 square feet in Harlingen, Texas.

HFF marketed the portfolio on behalf of the seller, Prologis, Inc.  The assets were purchased by Sealy & Company, sponsor of Sealy Strategic Equity Partners (SSEP), for an undisclosed amount.

The four El Paso properties consist of Vista Del Sol III Building I, 950 Loma Verde Drive; Vista Del Sol Buildings 7, 1350 Pullman Drive, and 8, 1430 Henry Brennan Drive; and Vista Corporate Center Building 5, 1211 Henry Brennan Drive.

 The properties are grouped together in El Paso’s East industrial submarket at the convergence of the Interstate 10 and Loop 375 interchange, less than five miles from the Ysleta Port of Entry at the U.S.-Mexico border and approximately 11 miles from El Paso International Airport.

 Built between 1997 and 2001, the buildings are 100 hundred percent leased to six tenants and have between 22’ and 24’ clear heights and a low office finish averaging 7.5 percent. 

Jud Clements
The Harlingen facility is located at 1805 North Loop 499 in Harlingen, a south Texas community in the heart of the Rio Grande Valley, 256 miles south of San Antonio.

 With immediate access via Loop 499 to Interstates 77 and 80, the facility is 13.5 miles from the Free Trade Bridge passing into Mexico and one mile from Valley International Airport.  The one-building distribution facility has a 24’ clear height.

The HFF investment sales team representing the seller was led by senior managing director Randy Baird, managing director Jud Clements, director Robby Rieke and real estate analyst Stephen Bailey.

     For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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