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Morgan Stanley Real Estate Investing sells four warehouses on the U.S.-Mexico border for $178m
Transactions - MAY 15, 2024

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Morgan Stanley Real Estate Investing sells four warehouses on the U.S.-Mexico border for $178m

by RELEASED

Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), announced the sale of a portfolio of four fully leased industrial properties in Texas, two located in El Paso and two in Laredo, for $178 million to two institutional investors. The warehouses, which total more than 1.2 million square feet, are located within 10 miles of the United States’ border with Mexico, which is experiencing a sharp increase in manufacturing.

“We are pleased with the successful development, leasing and sale of these warehouse assets,” said Will Milam, head of U.S. investments at Morgan Stanley Real Estate Investing. “With a greater focus on supply-chain resiliency, companies are increasingly seeking to diversify where they manufacture goods. One result has been a shift to manufacturing in Mexico and a dramatic increase in imports into the United States, which is propelling warehouse demand along the U.S. southern border.”

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