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| El Paso, TX industrial properties |
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| 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.
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| 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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