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Blue Road Investments has broken ground on Westpark Building 1 in Santa Teresa, the company said in a June 17 news release. Its “315,000-square-foot speculative industrial building will set a new standard in functionality for the region with cross-dock loading, 36-foot clear height and 185-foot concrete truck courts, the release said.
The building will be located at 655 Industrial Avenue within Westpark Logistics Center, a master-planned industrial park strategically located between the Union Pacific Railroad Intermodal and the Santa Teresa port of entry.
“We are thrilled to add much needed Class A product to the market so that regional, national and international companies can continue to relocate and expand into Santa Teresa and the Borderplex region” said Jeff Hackmeyer of Blue Road Investments.
This is the first spec building in Westpark Phase I, where Blue Road has capacity for an additional one million square feet of future development. Current tenants in Westpark include FedEx Ground, MCS Industries and Valley Cold Storage.
The project broke ground June 1 with an estimated delivery date of January 2021.
“With the completion of Franklin Mountain Industrial’s 183,000 sf building within the next month and the construction of the 315,000 sf Blue Road building, Santa Teresa will have some of the newest spec space in the region, which will continue to allow us to attract new industries to New Mexico’s border region and to create good paying jobs for New Mexicans,” said Jerry Pacheco, president of the Border Industrial Association, a nonprofit industrial advocacy group with more than $1 billion in investment in the Santa Teresa-Las Cruces Corridor.
Based in Dallas, Texas, Blue Road Investments focuses on institutional quality warehouse distribution facilities in non‐major markets. Visit www.blueroadinvestments.com.