Dallas-based Provident Industrial closed the disposition of Buildings I & II of Gateway Logistics Park in El Paso, Texas, to public global real estate owner/operator EQT Exeter.
The sale includes Building I and Building II totaling 576,365 square feet of the three-building industrial park located on Ashtabula Avenue in El Paso.
Construction on buildings I and II was completed in November 2023 and April 2024, respectively, and construction for building III will be completed in August 2024.
Building I, located at 12221 Ashtabula Ave., is 308,270 square feet with 32′ clear heights. It houses 93 trailer spaces, 69 dock doors, 2 ramp doors, and 54′ x 50′ column spacing.
Building II, located at 12228 Ashtabula Ave., is 268,095 square feet with 32′ clear heights. This building has 69 trailer space, 56 dock doors, 2 ramp doors, and 54′ x 50′ column spacing.
Both buildings feature Loop 375 frontage and are 7.5 miles north of the Ysleta-Zaragoza Port of Entry in Juarez, Mexico. Construction of both phases was completed by the general contractor, Harvey-Cleary. Case Van Lare and Chris Martin from Provident led the development.
