Blue Road Investments, LLC is a Dallas, Texas based company focusing on quality warehouse distribution in non-major markets. The company has broken ground at the Westpark in Santa Teresa, New Mexico for a 315,000-square-foot speculative industrial building that will be a new standard of functionality in the region with 36’ clear height, cross-dock loading, and 185’ concrete truck courts.
The location will be at 655 Industrial Avenue within Westpark Logistics Center, a strategically planned industrial park between the Union Pacific Railroad Intermodal facility and the Santa Teresa Port of Entry.
“We are thrilled to add much needed Class A product to the market so that regional, national, and international companies can continue to relocate and expand into Santa Teresa and the Borderplex region” says Jeff Hackmeyer of Blue Road Investments.
At the Westpark Phase I of the Santa Teresa Industrial Park this will be the first spec building. Blue Road will have the capacity of 1 million square feet for future development. A few companies located in Westpark include FedEx Ground, MCS Industries and Valley Cold Storage.
“The Santa Teresa submarket of El Paso has been remarkable in recent years, during one of the most active industrial cycles ever seen along the El Paso/Cd. Juarez border” says Christian Perez Giese, Senior Vice President and Director at CBRE in El Paso. “Many of the new firms entering the market have chosen Santa Teresa, causing an upswing of investment and construction. There are several operational advantages to working in New Mexico and we’re excited to partner with Blue Road as the market continues to grow.”
The company broke ground as of June 1 and has an estimated date of delivery of January 2021.
Blue Road is dedicated to industrial asset acquisition, industrial land that can be developed, and joint venture equity in select markets.
Courtesy release to the New Mexico International Business Accelerator
