March 13, 2017
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Handgards Inc. has been at 12375 Pine Springs in El Paso, TX for more than 10 years. Now the food safety product manufacturer will stay put for three more years with its renewal of 187,200 square feet. Anthony Mash with CBRE represented the tenant. Icon 10/375 Ind Owner Pool 6 Dallas LLC, the landlord, was represented by Bill Caparis, also with CBRE.
According to the brokerage company, the space is the company’s headquarters, warehouse and distribution center. Handgards did look at other El Paso locations, but agreed to a renewal with terms similar to previous renewals.
“Renewals have been a major driver of industrial activity in the El Paso market, particularly in the past two years,” said Elisabeth Downs, with CBRE Research. “This renewal is reflective of the use of industrial space for distribution, warehousing and logistic purposes. Although no new space is leased, renewals assert market stability, and continued demand.”
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