EL PASO, Texas--(BUSINESS WIRE)--
Blue Road Investments, a real estate investment company formed in 2018, has closed on its acquisition of an industrial warehouse in the greater El Paso market for an undisclosed price. The 92,000 SF distribution facility, located at 150 Earhardt Way in Santa Teresa, NM, is 100% occupied by three tenants. Blue Road Investments focuses on acquiring and developing warehouse/distribution properties in non-major markets. This asset represents the firm’s 2nd closing in the El Paso border region this year.
“We are excited to add to our holdings along the Borderplex region with an asset in Santa Teresa. This submarket has tremendous long-term potential and is quickly emerging as a major hub for manufacturing and gateway for international trade. Proximity to the port of entry, Foxconn, Union Pacific's intermodal and the new FedEx ground facility will continue to drive momentum and tenant demand in the area,” says Blue Road’s co-founder Jeff Hackmeyer.
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 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 developments with strategic development partners in select markets. www.blueroadinvestments.com