EL PASO, Texas–(BUSINESS WIRE)–Blue Street Investments has closed on its acquisition of an industrial warehouse in japanese El Paso, TX for an undisclosed worth. The 51,160 SF distribution facility, situated at 9555 Plaza Circle, is 100% occupied by three transportation and logistics firms. This marks Blue Street’s 3rd acquisition within the better El Paso market and expands its complete holdings within the space to north of 535,000 SF of commercial house with 315,000 beneath building in Santa Teresa, NM. “We’re excited so as to add one more high quality asset to our El Paso portfolio. As long-term minded homeowners, we sit up for watching the continued progress of the area for years to return,” says Blue Street’s co-founder Joe Zingaro.
Will C. Brown, SIOR, of Sonny Brown Associates, LLC brokered the transaction and has been employed to deal with the leasing and property administration for the newly acquired asset. Jeff Hackmeyer, co-founder of Blue Street Investments, added, “Being primarily based in Dallas, we rely closely on having sturdy native companions for leasing and property administration, and we enormously respect our rising relationship with Sonny Brown Associates, LLC.”
About Blue Street Investments, LLC
Primarily based in Dallas, Texas, Blue Street Investments focuses on constructing a best-in-class portfolio of institutional high quality warehouse distribution services in non-major, growth-oriented markets. Blue Street goals to accumulate current industrial belongings in addition to developable industrial land. Blue Street additionally seeks to offer three way partnership fairness on floor up speculative tasks with strategic improvement companions in choose markets.
About Sonny Brown Associates, LLC
Primarily based in El Paso, Texas, Sonny Brown Associates, LLC is a business actual property consulting agency that focuses on industrial, workplace, retail, contact heart and business properties of every kind. They provide complete actual property providers together with Landlord and Tenant Representations, funding gross sales, improvement, property administration and actual property consulting for all asset sorts. The 50-year outdated agency is a longtime chief in actual property consulting and brokerage providers within the El Paso metropolitan space and the Borderplex Area.