Stonelake Capital Partners Breaks Ground on 816,955-SF Industrial Warehouse Development in El Paso
Stonelake Capital Partners, a Texas-based real estate private equity firm, has broken ground on Phase II of 375/Montana Logistics Park in El Paso, Texas — a speculative industrial warehouse totaling 816,955 square feet. The firm announced the construction start on May 22, 2026, with delivery targeted for April 2027.
The warehouse project is located within a foreign trade zone at the northeast corner of Loop 375 and Montana Avenue in El Paso. The 90-acre site is being developed in two phases and will total 1,266,105 square feet of industrial space at completion.
Project Details and Specifications
Phase II of the 375/Montana Logistics Park will consist of a single cross-dock warehouse building with 40-foot clear height, an 8-inch-thick, 4,000 PSI floor slab, and R-30 roof insulation. The building will include 150 dock-high doors and four grade-level doors with dock packages installed, along with fenced, gated, non-shared truck courts and direct access from the Loop 375 access road.
The warehouse development will also feature 10 megawatts of immediately available power, with four transformer pads in place and gear for up to 12,000 amps. Additional features include 442 employee parking spaces, 372 trailer parking spaces, a 6,000-square-foot spec office, and an additional five acres of land available for expanded parking or secure outside storage.
Stonelake owns 100% of the site without an outside operating partner. William R. Caparis and Arturo De La Mora, with CBRE, are handling leasing on behalf of Stonelake.
Phase I Delivered and Fully Leased
Phase I of 375/Montana Logistics Park, a 449,150-square-foot cross-dock warehouse, was delivered in November 2025 and is 100% leased to Avanza Loop, Inc. Together, the two phases will bring the total footprint of 375/Montana Logistics Park to 1,266,105 square feet across two buildings on the 90-acre site.
Cross-Border Logistics and Nearshoring
Stonelake is positioning Phase II to serve three primary tenant categories: cross-border logistics operators moving freight between Mexico and the United States, large-format e-commerce tenants serving the greater El Paso region, and manufacturing tenants benefiting from the reshoring of supply chains to North America.
The project's location on Loop 375 provides direct access to Ciudad Juárez via the Zaragoza Bridge, which Stonelake describes as the second-busiest port of entry between Mexico and the United States. The site's foreign trade zone designation further supports binational distribution and logistics operations.
"375/Montana Logistics Park Phase II is a unique opportunity for Stonelake to bring over 817,000 square feet of Class-A product to market on a speculative basis for tenants," said Travis W. Eickenhorst, Partner at Stonelake overseeing the development. "We are excited and ready to execute on such an incredible opportunity."
Stonelake's Industrial Footprint in El Paso
Stonelake Capital Partners describes itself as the third-largest owner of industrial buildings in El Paso, with an existing portfolio of 2.8 million square feet across 25 buildings in the market prior to the Phase II groundbreaking. Upon completion of 375/Montana Logistics Park, the firm's total industrial ownership in El Paso is expected to reach approximately 4.0 million square feet.
375/Montana Logistics Park is Stonelake's second ground-up industrial development project in the El Paso metropolitan area. The firm, founded in Austin in 2007 by Kenneth Aboussie and John Kiltz, operates offices in Austin, Dallas, and Houston and manages a portfolio of more than $5.0 billion of commercial real estate across Sunbelt markets including Atlanta, Austin, Charlotte, Dallas, El Paso, Houston, Nashville, Orlando, Phoenix, Raleigh, San Antonio, Southern California, South Florida, and Tampa.
Across its broader platform, Stonelake owns, is developing, or has developed more than 34 million square feet of industrial warehouses, 8,155 multifamily units, and 3.3 million square feet of office buildings. The firm has raised $3.2 billion of equity across nine private equity funds over 19 years, with investors that include college endowments, charitable foundations, hospital systems, and pension funds.