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Dallas-based Blue Road Investments has broken ground on phase three of Westpark Logistics Center, a master-planned industrial park in Santa Teresa. The latest phase includes the construction of buildings 3 and 4, which will total 646,263 square feet, CBRE Group, Inc., a real estate services and investment firm, said in a news release.
Located on the southeast corner of the Strauss Road and Industrial Avenue intersection, building 3 will be a 425,368-square foot cross-dock facility and building 4 will be a 220,895-square foot rear-load facility, CRCE said. The buildings will be marketed for sale or lease.
Construction on the buildings is expected to be completed in January 2024 and will bring Westpark’s total square footage to more than 1.3 million square feet, CBRE said.
“Driven by an increased focus on bringing supply chains back to North America, we continue to see a growing number of companies establishing a presence in the Borderplex region,” said Blue Road Investments co-Managing Partner Jeff Hackmeyer said. “This project should continue to help supply the much-needed Class A product to the market.”
Situated just west of Highway 136, the logistics center is minutes from the Santa Teresa Point of Entry, Doña Ana County International Jetport and Union Pacific’s Intermodal Rail Hub, the news release said.
“Blue Road has a proven track record in Westpark,” said Christian Perez Giese, who is senior vice president/director with CBRE in El Paso. “They have delivered two best-in-class warehouses already, and this phase is designed to accommodate users with requirements ranging from 50,000-420,000 square feet.”