El Paso: Electrolux charges with 400,000-SF industrial leaseEl Paso: Electrolux charges with 400,000-SF industrial leasehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=127962016-04-12T05:00:00Z2016-04-12T20:40:00Z

​EL PASO - A leasing streak of 1 million-plus sf continues as BH Properties leases a 400,000-sf industrial building to Electrolux Group.

Los Angeles-based BH Properties bought a 655,000-sf industrial building from Sweden-based Electrolux in 2009 and leased it back until February 2014, says Bill Hardy, Senior Vice President of asset management and leasing with BH Properties.

The property is located at 9600 Pan American Dr.

Champlain Cable Corporation occupies about 117,000 sf in the building and approximately 128,000 sf is unoccupied.

A business unit of Electrolux Group has leased approximately 409,180 sf of the building.

Including recently completed leases at a BH Properties’ industrial campus in Fort Worth, the Electrolux lease pushes BH to a total of more than 1.157 million sf of leasing activity in Texas in the last few months.

Electrolux has a maquiladora manufacturing facility across the border from El Paso in Ciudad Juarez.

El Paso and Juarez, Chihuahua are connected by three bridges and form one of the world’s largest international border economies. Ciudad Juarez’s maquiladora manufacturing activity is the biggest driver of El Paso’s economy, followed by a substantial U.S. military presence.

Cushman & Wakefield | PIRES International’s fourth quarter 2015 industrial market report states that the unemployment rate in El Paso fell during 2015 from 5.8 percent to 5.2 percent. 

​​El Paso’s industrial vacancy rate dipped below 9 percent, and landlords are achieving the best rental rates in a decade.
El Paso

​See El Paso Industrial Market Research, San Antonio Industrial​ Reasearch​.​

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