June 5, 2020
Dallas-based Hunt Southwest Real Estate Development is preparing to launch its first project in El Paso, a speculative distribution center located 15 miles southeast of downtown El Paso. Rojas East Distribution Center will offer nearly 370,000 square feet of leasable space.
“El Paso’s industrial market drew our interest due to its low vacancy rate and meteoric rental rate growth,” said Hunt Southwest President Preston Herold. “Further investigation revealed little spec building product and a lack of supply of well-located, developable industrial land.
“Add in the ingredients of the recently ratified United States-Mexico-Canada Agreement (USMCA), and the re-shoring trend due to global trade disputes as well as supply chain disruptions from COVID-19, and you have the fundamentals necessary for a strong spec development market,” he added.
Adin Brown with Sonny Brown & Associates was retained to lease the buildings for Hunt Southwest.
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