EL PASO – Franklin Mountain Investments Limited Partnership is purchasing several downtown properties from Borderplex Realty Trust. Among them are two of downtown's largest office towers.
The 20-story One San Jacinto Plaza, formerly the Chase Tower, is at 201 E. Main. Built in the early '60s, the over 350,000-sf Class A building has been owned by Borderplex Realty Trust since 2007.
Built in 1971, the 22-story Wells Fargo Plaza at 221 N. Kansas St. has just over 325,000 sf. It was formerly known as the Norwest Bank Plaza.
According to a press release from the buyer, the purchase also includes the parking garages at the two towers as well as other nearby properties and land parcels.
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