Impulse 4.0 Impulse 4.0recently signed an industrial lease for 125,646 square feet at 9581Joe Rodriguez Dr.

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EL PASO, TX—Impulse 4.0 recently signed a lease to occupy125,646 square feet of industrial space at 9581 Joe Rodriguez Dr.This industrial building was built by Hanson Asset Management in2019 and was recently purchased by Equity Industrial Partners andRaith Capital Partners in a joint investment.

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This lease brings the speculative development to 100% occupied,with the Equity Industrial Partners and Raith Capital Partners' ElPaso and Santa Teresa portfolio at more than 93% leased.

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This property was specifically selected because it providednecessary warehouse and distribution space in the only new class-Aindustrial building in the El Paso area. In addition, the locationoffers access to local thoroughfares and the Zaragoza InternationalBridge to Mexico.

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"This lease from Impulse 4.0 fills the last of the speculativeindustrial space currently available in our market," said Arturo Dela Mora, vice president at CBRE. "As a result of all the favorableindicators we are seeing, the new owners Raith Capital Partners andEquity Industrial Partners will soon start construction to delivernew inventory to meet growing market demands."

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El Paso-based Impulse 4.0 provides end-to-end supply chainmanagement services to manufacturers and suppliers in the UnitedStates, Mexico, Europe and China.

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"In addition to the fact that this is a brand new constructionwith 28-foot clear height, a fenced and secured truck court,designated area for overflow trailer parking and LED light fixtureswith motion sensors, this building is located in a submarket of ElPaso that has historically high demand which is mostly driven bythe proximity to the Zaragoza International Port of Entry," De laMora tells GlobeSt.com. "The facility is ideal for any logisticscompany that is looking to service manufacturing companies south ofour border. Inventory management services and just-in-time systemsthat are implemented by many manufacturing companies in Mexico seethe tremendous value in having immediate access to this port ofentry. The demand for industrial space in our market is outpacingsupply. For that reason, the partnership of Equity IndustrialPartners and Raith Capital Partners is moving forward with thedevelopment of two additional speculative industrial developmentbuildings this year."

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As of fourth quarter 2019, El Paso had just 4% vacancy in theindustrial sector, the lowest rate since CBRE began tracking themarket.

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De la Mora and Andrés Sandoval with CBRE in El Paso representedthe landlords, Equity Industrial Partners and Raith CapitalPartners. Adrian Slater with Commercial Border Partners representedImpulse 4.0.

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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.