CBRE announces a 100,483-sq.-ft. lease for Chicago-based Redwood Logistics at 1270 Don Haskins in El Paso, Texas.
The new warehouse operation is an expansion for the full-service transportation brokerage to service a Fortune 500 healthcare company. Freight Exchange (F/X), a subsidiary of Redwood Logistics, also operates a fleet of trucks in El Paso.
"We are pleased to team with CBRE in locating the ideal warehouse location in El Paso given the proximity to Freight Exchange's fleet of trucks," says Mark Yeager, CEO of Redwood Logistics. "As F/X continues to both grow our asset-based truckload capacity and remain committed to offering our customers the best service, CBRE was instrumental in expediting a strategic lease agreement to meet our requirements."
Arturo De la Mora and Christian Perez Giese of CBRE's El Paso office, and David Saad of CBRE's Chicago office, represented Redwood Logistics in the transaction.
"Redwood Logistics sought a clean, presentable and strategically located Class A facility within a very tight timeline. The warehouse was one of the very few Class A industrial spaces remaining on the east side and Redwood was able to secure the facility at a competitive rate," said Mr. De la Mora.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.