Four-Building El Paso Industrial Portfolio SoldFour-Building El Paso Industrial Portfolio Soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=102832015-03-24T14:13:00Z2015-03-24T00:00:00Z

EL PASO (CBRE) – Arizona-based ViaWest Group has purchased a four-building, 245,745-sf industrial portfolio from Sullivan Crosby Trust of New York in an off-market transaction.

The buildings are approximately 50 percent occupied; short-term tenants bring it to 75 percent. They are south of I-10 in central El Paso, a submarket that was approximately 94.7 percent occupied as of fourth quarter 2014, according to CBRE research.

This is the first area acquisition for ViaWest Group. A host of rehabilitation projects are slated for the properties, including new roofs, landscaping, fencing, equipment replacement and more.

CBRE represented the seller and will assume leasing and management duties.

El Paso
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