Las Palmas Marketplace

Jones Lang LaSalle ("JLL") is pleased to exclusively offer qualified investors the opportunity to acquire Las Palmas Marketplace (the "Property"), a 584,966 square foot, 98% leased Class A power center. The Property is strategically positioned on the Texas and Mexico border in El Paso, Texas, which is a unique competitive advantage due to its proximity to Juarez (population of 1.6M people). More than 1.9M people travel to Ysleta Border Crossing annually, which is located 4.4 miles south of Las Palmas Marketplace, representing a significant amount of the 7.4M people crossing the El Paso Border annually. The asset has exceptional connectivity and is located on the Northwest corner of George Dieter and I-10 intersections, which sees 180K+ VPD, making it one of the most heavily trafficked intersections in the area.

Currently 98% leased, Las Palmas Marketplace combines cash flow stability with an opportunity to add value by marking below market leases to market. Within the next 10 years, 10% of GLA will be expiring without options at rents 32% below market. Tenants with a complete year of recent sales data have an excellent 10.4% weighted average health ratio. Las Palmas Marketplace boasts a dedicated base of nationally recognized tenants including Lowes, Kohl’s, Ross, Burlington, Five Below, Office Depot, Michaels and ULTA.