G-Global Nearly Doubles El Paso Footprint with New 38,400 SF Industrial Lease
February 22, 2021
El Paso, TX – Feb. 22, 2021 – CBRE announced that G-Global, a leading cross-border customs and logistics company, has leased 38,400 sq. ft. of industrial space in El Paso. The building, located at 9660 Joe Rodriguez Drive, is owned by Boston-based Equity Industrial Partners (EIP) and New York-based Raith Capital Partners (Raith). G-Global previously occupied 20,000 sq. ft. of industrial space at 9600 Joe Rodriguez Drive, a property also owned by EIP and Raith.
Arturo De la Mora and Andres Sandoval with CBRE represented the tenant and the landlord in lease negotiations. The team is representing EIP and Raith in the marketing and leasing of their El Paso portfolio, which totals over 2 million sq. ft. of industrial product in the region.
The increased demand for services from existing customers and new accounts prompted G-Global to reevaluate their real estate options. The company was able to work with EIP and Raith to expand their space within EIP and Raith’s real estate portfolio.
“The partnership between G-Global and CBRE was key to identifying viable real estate opportunities in our challenging market, where the existing supply that meet their needs was minimal,” said Mr. De la Mora, First Vice President with CBRE in El Paso. “G-Global found a partner in their existing landlord who was able to accommodate the expansion into a Class A, move-in ready facility with close proximity to the international port of entry. G-Global has a strong growth projection and their steady relationship with an institutional partner like EIP and Raith gives G-Global the flexibility and strategic advantage to grow hand-in-hand with their clients.”
“We’re incredibly excited that we’re in a place as a company where we needed to double our space in El Paso,” said Fidel Gutiérrez Cetto, CEO of G-Global. “Our growth in cross-dock, e-fulfillment and 3PL services have accelerated thanks to the great talent we have added to our G-Global team and our culture to innovate and delight our customers.”
In 2011, Fidel Gutiérrez Cetto became the fourth generation to lead G-Global, which has been in business for over 100 years. Since then, they have become a technology-driven solutions company that automates and simplifies their customers’customs and logistics needs. Under Gutiérrez Cetto’s leadership, G-Global has grown from 40 employees to more than 600 and has expanded its operations to all major ports along the U.S.-Mexico border.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.