EL PASO, TX-CBRE has opened a new branch office here to provide firm’s full range of services to both El Paso and Ciudad Juarez, Mexico. The firm has tapped industry veteran Christian Perez Giese to head the office.
The new office will focus on serving local and multinational companies doing business in the border region with the acquisition, disposition, and lease of industrial property. In addition to Perez Giese, it will staffed by six additional commercial real estate professionals: Rex Maingot, Anthony Mash, Chad McCleskey, Rebecca Rojas, Ivan Holguin Fernandez and Luz Moreno.
All seven professionals were formerly with Team NAFTA, a local real estate service firm. Together, the group arranged transactions of more than 40 million square feet, valued at $700 million.
Scott Senese, the managing director of CBRE’s Austin office will serve as managing director of the new El Paso office. “We’ve been looking and analyzing this opportunity for the last two-and-a-half years,” he tells GlobeSt.com. “When you couple the availability of the professionals and where the market is going, we felt the timing was right.”
The new office is positioned to take advantage of El Paso’s strong economic growth, as well as CBRE’s expanded services platform in Mexico. “With BRAC [base closure and realignment], Fort Bliss is expanding,” Senese notes. “El Paso has tremendous population growth, plus strong employment numbers, which is a catalyst for commercial real estate activity.”
Senese also expects global multinational companies to be focused on expanding their operations along the Mexican border. “What we’re trying to do that is unique – something that others have struggled with in the past – is to take CBRE’s international platform of services and to have a group focused on providing the right resources to our clients. There will be more connectivity within CBRE to provide solutions through border areas in Texas, Arizona and California.”
Eventually, Senese expects the El Paso office to add office and retail expertise to its platform.
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