On March 13, Sansone Group and Raith Capital Partners broke ground on Rancho Del Rey Logistics Park in El Paso, Texas.
Spanning approximately 3.7 million square feet across three phases, this development promises to redefine the industrial landscape of the region, ushering in a new era of economic vitality and growth.
Strategically situated at the convergence of Interstate 10 and Loop 375, and just three miles from the Ysleta-Zaragoza Port of Entry, a vital US-Mexico border crossing, Rancho Del Rey Logistics Park emerges as a pivotal hub facilitating the seamless distribution of goods throughout North America and beyond. With an increasing trend of manufacturing operations relocating from Asia to North America to better serve the U.S. market, the park’s strategic location offers unparalleled access to major transportation routes, ensuring seamless integration into the US distribution network.
The inaugural phase of development comprises three industrial buildings totaling 1.38 million square feet, slated for completion in Q4 2024. This phase represents just the beginning of a comprehensive vision to establish Rancho Del Rey Logistics Park as a premier destination for businesses seeking state-of-the-art facilities and strategic access to key markets. Bosch, a Global Fortune 100 company, has committed to occupying a portion of phase 1 through a lease agreement, underscoring the project’s immediate appeal and potential for long-term success.
Sansone Group is proud to be partnering with incredible organizations for the development of Rancho Del Rel Logistics Park, starting with Raith Capital Partners. The team at Raith has decades of commercial real estate investment expertise, spanning various cycles in both the equity and debt markets. They have been investing in El Paso since 2019. Leading leasing operations is Colliers, a globally recognized real estate services firm renowned for its expertise in commercial property leasing and management. The Colliers New Mexico-El Paso team is led by Bob Feinberg and Tom Jones. Ensuring impeccable construction quality and efficiency is Catamount Constructors, Inc., a trusted leader in the construction industry with a proven track record of delivering high-profile projects on time and within budget.
The development of Rancho Del Rey Logistics Park holds significant emotional weight for Ben Ivey, whose family has owned the land for nearly 90 years. The Ivey family has sought the right redevelopment projects for years, ultimately finding a suitable fit with Sansone Group. The collaboration between the Ivey family and Sansone Group reflects a shared commitment to honoring familial legacies while driving business innovation. The park’s name pays homage to Ben Ivey’s grandfather, King Benjamin Ivey. This familial bond is paramount, as articulated by Nick Sansone, who shared, “I understood the pride that Ben Ivey had in his family and this land. It mirrors the same pride my brothers and I feel in leading Sansone Group, established by our father 67 years ago.”
The development of Rancho Del Rey Logistics Park marks the dawn of a new era for industrial excellence in El Paso, promising to elevate the region’s economic landscape and leave an indelible legacy for generations to come.
Speakers at the event included Nick Sansone, Principal at Sansone Group, Jon Barela, CEO at The Borderplex Alliance , Henry River, City of El Paso Representative District 7, Illiana Holguin, City of El Paso Representative District 6 and a blessing by Father David James Ivey, the Chaplain of St. Michael the Archangel Chapel at Fort Bliss. More than 100 guests attended the groundbreaking from partner companies and neighboring businesses as well as representatives from The Borderplex Alliance, Horizon EDC, the City of El Paso.