Photo credit: NIT Industrial
Annapolis, Md. (November 5, 2024) – Realterm, an independent global investment manager focused on the transportation industry, in partnership with NIT Industrial, a leading commercial real estate investment, development, and operating company announced today that their joint venture partnership has acquired and will develop a two-building industrial facility on 31.24 acres in El Paso.
Building one will be 125,843 square feet, designed in a dock-high, rear-load configuration with an interior clear height of 32 feet. The second building will be 327,123 square feet, designed in a dock-high, cross-dock configuration with an interior clear height of 36 feet. The buildings can be leased by one or two tenants and combined will offer 134 docking doors and 165 trailer stalls. The site itself offers two points of ingress and egress.
The property is strategically located near the U.S.-Mexico border, minutes away from I-10, highway 375, Ysleta-Zaragoza Bridge, Bridge of the America’s, El Paso International Airport, and Paso De Norte Port of Entry. This prime position creates tremendous opportunity for international trade with Mexico, the United States’ top trade partner. The El Paso-Juarez crossing at Ysleta also boasts the second largest trade volume along the U.S.-Mexico border.
“Nearshoring has become more prominent in U.S. trade following the shift in global trade trends since the pandemic, creating sustained demand in the El Paso logistics sector driven by its unique position as a critical U.S.-Mexico trade corridor,” said Travis Westmoreland, Vice President of Development, Realterm. “This project reaffirms our commitment to developing well-located properties in thriving industrial markets such as El Paso, and we are thrilled to partner with NIT Industrial as we look for more opportunities to expand our portfolio.”
The joint venture will benefit from Realterm’s expertise in transport-advantaged logistics real estate and a notable Texas portfolio of properties in Dallas, Houston, Austin, Del Valle, Hutchins and Laredo. NIT’s depth of localized knowledge and expertise, having delivered 20 buildings in various industrial markets across Texas, round out the team.
“NIT Industrial’s latest project marks its third ground-up development in the El Paso market, underscoring our deep commitment to this vital U.S.-Mexico trade corridor. With the surge in nearshoring, demand for high-quality industrial space in strategic border regions like El Paso has reached new heights as cross-border trade continues to flourish,” said Dustin Woodyard, Director of Development, NIT Industrial. “Through this partnership with Realterm, NIT Industrial aims to deliver industrial facilities that tailor to the evolving needs of modern supply chain networks. This development will support businesses that are driving economic growth on both sides of the border, reinforcing El Paso’s role as a vital logistics hub.”
About Realterm
Realterm is an independent global investment manager focused on the transportation industry. We acquire, develop, finance and manage differentiated real estate and infrastructure assets serving land, air, sea and rail networks across the world. Realterm currently manages over 11 billion USD in assets on behalf of global institutional investors.
About NIT Industrial
NIT Industrial is a privately held commercial real estate investment, development, and operating company specializing in the Industrial and Distribution sectors. Based in Houston, Texas, we are responsible for acquiring, developing, and managing industrial properties including, warehouses, distribution centers, manufacturing facilities, and similar properties. By specializing in these sectors, NIT has developed a deep understanding of the unique requirements and demands of industrial tenants, allowing us to provide tailored real estate solutions that meet the needs of our clients.
