COLDWELL BANKER COMMERCIAL BROKERS SALE OF RETAIL CENTER IN EL PASO, TEXAS
El Paso, Texas (July 25, 2022) – Coldwell Banker Commercial is pleased to have represented the seller in the sale a retail property located at 5400 Alameda Ave. in El Paso, Texas. The sale price was undisclosed.
Tommy Lewis, partner of Coldwell Banker Commercial Lewis Realty Group, represented the seller in the transaction. The one-story, 67,381 square feet building was built in 1972, is situated on five acres of land and has 281 parking spots. It is conveniently located near Interstate 10.
“This property was formerly home to Food City, a locally owned grocery store servicing the community for over 50 years and is surrounded by an expanding medical and biomedical research area. There were several interested parties looking to purchase the property, but the owner ultimately sold it to a group that will accommodate a division of the El Paso Children’s Hospital as well as other medical uses, which will enhance and benefit El Paso and the surrounding area,” said Lewis.
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial Lewis Realty Group, the local affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.
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