Crow Holdings Capital And Constellation Real Estate Partners Secure $74 Million Loan For Industrial Facility In El Paso

The property asset involved in this transaction is a 799,000-square-foot industrial facility located at 490 Bill Burnett Drive in El Paso. This asset has been refinanced with a loan amount of $74 million, facilitated by Affinius Capital. The facility, known as Constellation Trade Center, is strategically located near the Mexico border and has a portion of its space, 218,134 square feet, available for lease.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $74,000,000
• Address: 490 Bill Burnett Drive
• Market: El Paso
• Lender: Costa Kontoulis - Affinius Capital
• Landlord: Bob McClain - Crow Holdings Capital; Jeremy Giles & Hien Le - Constellation Real Estate Partners
• Brokers: Michael Johnson, Colby Mueck & John Rose - JLL

A joint venture of Crow Holdings Capital and Constellation Real Estate Partners is responsible for the refinancing of this property. JLL arranged the loan, which is key to managing the financial aspects of the facility's operation and potential leasing opportunities.