EL PASO – MDH Partners has entered into an agreement to acquire Loop 375 Industrial, a three-building, 554,960-sf development.
The site spans 36.7 acres, and the development has 191 trailer-parking spaces, 230 car-parking spaces, and clear heights of 32 to 36 feet.
Colliers represented the seller and developer, NIT Industrial.
MDH Partners provided NIT Industrial with mezzanine debt to complete construction. The senior construction loan was provided by Veritex Community Bank.
CBRE is leasing the development, which is scheduled to come on line this fall.