Realterm acquires Class A industrial outdoor storage facility in El Paso’s strategic cross-border market

Realterm, an independent global investment manager focused on the transportation industry, announced today the acquisition of 11090 Gateway Boulevard, a Class A industrial outdoor storage (IOS) facility in El Paso, Texas. The 34.11-acre site represents a significant addition to Realterm's portfolio in one of the nation's most critical cross-border trade corridors.

Developed in 2017, the multi-use facility features a flexible site configuration conducive to single- or multi-tenant uses. The property features a 30,632-square-foot fleet maintenance facility that is paved, fenced, lit, and secured. The building houses 14,148 square feet of maintenance shop space with six drive-through bays, 12,684 square feet of office space for dispatch and operations, and 3,800 square feet of warehouse with four dock doors for transloading. The property is fully leased to TFA Logistics, a leading provider of transportation services in the Southwest.

“El Paso continues to demonstrate remarkable resilience and growth as a premier cross-border logistics hub,” said Ed Brickley, Managing Director, Senior Fund Manager at Realterm. “The property's exceptional location and purpose-built infrastructure make it ideal for fleet maintenance and logistics operations serving the U.S.-Mexico trade corridor.”

With direct access to Interstate 10 – El Paso's primary industrial artery – 11090 Gateway Blvd. offers unparalleled connectivity to key trade infrastructure including Zaragoza Port of Entry, downtown El Paso, and El Paso International Airport.

“Cross border properties like this offer tremendous potential for long-term growth as nearshoring continues to drive more freight through the El Paso market,” said Brennan Cascarano, Associate Vice President of Investments, Realterm. “11090 Gateway Boulevard represents exactly the type of functional, well-located IOS asset that commands premium positioning in today's logistics landscape.”

The acquisition of 11090 Gateway Blvd. continues Realterm’s momentum in the El Paso region including the acquisition of a truck terminal in early 2024 and its recently announced joint venture with NIT Industrial to develop a two-building industrial facility on 31.24 acres.