Henry S. Miller Commercial Arranges
the Acquisition of a 212,000 SF Building in Downtown El Paso, Texas
HOUSTON, TX - September 22, 2008 --
Henry S. Miller Commercial’s retail
specialists, Shawn Ackerman and Jason Gaines recently negotiated the
acquisition of a 212,000 square foot nine story building in downtown
El Paso, Texas. This year Ackerman and Gaines have arranged multiple
lease and sales transactions for National Stores, Inc. DBA Fallas
Paredes throughout the state of Texas; this recent El Paso
acquisition is one of the largest locations the pair has brokered
for National Stores, Inc. The building is situated at One Union
Fashion Center in downtown El Paso and offers retail on the first
two floors and office/residential space on the remaining floors.
Fallas Paredes, who currently leases a location across the street,
plans to move into the retail portion of the building by the end of
2008. The building was purchased by a subsidiary of National Stores,
Inc., J&M Sales of Texas, from El Paso based owner, VEK#2, LP. Henry
S. Miller Commercial’s Shawn Ackerman, EVP and Jason Gaines, VP
represented the buyer. Dan Foster of Grubb & Ellis Company
represented the seller, VEK#2, LP.
Henry S. Miller
Commercial, founded in 1914, is Texas’ largest independent
commercial real
estate firm and a member of Realty Resources
Network, one of the largest affiliations of commercial real estate
firms in the nation.