Green Point Property Company Breaks Ground on Phase 1 of Sky Park El Paso Industrial Logistics Development

CBRE announced that ground has broken on Phase 1 of Sky Park El Paso, a premier industrial logistics park located at 205 & 217 Walter Jones Boulevard in El Paso, Texas. Phase I is expected to deliver in October 2026. Dallas-based Green Point Property Company, a real estate development and investment firm founded by Jeremy Rydberg and David Karr, is developing the project.

CBRE has been appointed as the exclusive leasing agent for the project, with Christian Perez Giese and Chad McCleskey leading marketing efforts. Construction financing was secured by Stellar Bank.

“Green Point is proud to launch Sky Park El Paso as a next-generation logistics park that leverages the region’s unique infrastructure and workforce advantages,” said David Karr, Co-Founder of Green Point Property Company. “We’re excited to partner with CBRE to bring this vision to life and deliver high-quality industrial space to the market.”

Spanning 200 acres, Sky Park El Paso is a master-planned development with four phases totaling approximately 3.2 million square feet of advanced industrial logistics space. Phase 1 includes a 443,975-square-foot cross-dock warehouse and a 192,417-square-foot rear-load warehouse/flex building. Both buildings will feature pre-installed dock packages, warehouse lighting, and fully built-out shipping and receiving offices and restrooms.

“Sky Park El Paso is designed to meet the evolving needs of logistics and distribution users operating in the dynamic Borderplex region,” said Christian Perez Giese, Executive Vice President and Director with CBRE. “With its strategic location and modern building features, the project offers a compelling solution for companies seeking speed-to-market and operational efficiency.”

The El Paso/Ciudad de Juarez Borderplex market is a critical hub for North American trade, offering direct access to major highway systems, rail corridors, international airports and one of the busiest U.S.-Mexico border crossings.

According to CBRE research, El Paso has seen over 2 million sq. ft. of industrial absorption this year through Q3 2025. Demand continues to increase with users seeking over 1.6 million sq. ft. in requirements in Q3—a 200,000 sq. ft. increase from Q2.