New Tenant Brings Westpark Industrial Park in Santa Teresa to 100% Leased
September 7, 2021
El Paso – September 7, 2021 – CBRE announces two new industrial leases signed for the Westpark Building 1, a 315,000 sq. ft. speculative project located in Santa Teresa, New Mexico. Westpark is a Class A master planned industrial park being developed by Dallas-based Blue Road Investments. These two leases fill up the largest spec building in the El Paso region within months of Blue Road’s delivery of the project.
Headquartered in El Paso, Tecma is a leading shelter services provider, assisting manufacturing companies with setting up and maintaining manufacturing operations across Mexico. The company is one of the largest industrial users across El Paso/Ciudad Juárez.
“Not only has Blue Road Investments been excellent to deal with as a landlord, but the location of this facility near the Santa Teresa Port of Entry complements Tecma’s trucking and logistics facilities and will prove strategic to our cross-border clients,” said K. Alan Russell, Chairman and Chief Executive Officer of the Tecma Group of Companies.
The second tenant is Ergomotion, a California-based furniture company.
“Our new distribution facility in Santa Teresa is essential for Ergomotion’s North America expansion. It will be working hand-in-hand with our new production facility in Ciudad Juárez, Chihuahua, serving as our sole distribution point for our US customers who will be receiving products from the Mexican production facility,” said Johnny Griggs, Chief Operating Officer at Ergomotion.
“We are excited to have two high quality tenants anchor our first development in Westpark and are pleased to announce that we will be breaking ground later this year on Westpark II, a 364,000 sq. ft. cross-dock facility with state-of-the-art specifications,” said Joe Zingaro, Managing Partner and Co-Founder of Blue Road Investments. “Westpark can accommodate several millions of sq. ft. of industrial product including users needing 1MSF+ facilities, making Westpark a one-of-kind park in the El Paso region.”
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.