De la Mora says the demand is causing upward pressure on lease rates across the city.
EL PASO, TX—Hanson Asset Management LP is bullish on the El Paso market and with good reason. The city is the in-bound/out-bound stronghold for manufacturing plants in Mexico and all the while, has a lack of industrial supply.
On the heels of the success in its first spec industrial development, Hanson will continue building in the form of a second spec building. And, it is ready to begin construction on two additional spec buildings next door for future expansion requirements once the second building is leased up, GlobeSt.com learns.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
