CBRE Arranges 150,000-SF Lease to Schenker, Inc. at Speculative Industrial Building in Albuquerque

Albuquerque, N.M. – Nov. 4, 2021 – CBRE has arranged a 150,000-square-foot lease on behalf of Schenker, Inc. at 7200 Bluewater Road NW, a Class A speculative industrial facility under construction, in Albuquerque, N.M., Schenker, a leading transportation and logistics services company will occupy 100 percent of the property once construction is complete.

CBRE’s Brecken Mallette and Jim Smith of the CBRE Albuquerque Industrial team represented the tenant in the transaction as local brokers. David Albert and Nicolas Palazzo of CBRE Miami will work with tenant on national level. The landlord is Bluewater@Airport Opportunity Partners, LLC.

“CBRE was able to utilize its network of connections, both locally and nationally, to provide insight into local market conditions and variables, which allowed us to advise our client and provide the best strategy possible,” said CBRE’s Mallette. “We provided valuable knowledge during the initial search, as well as lease negotiations, so that our client would be successful in securing space that met their requirements for business operations in the Albuquerque market.”

Construction on the property began in July 2021 and is scheduled to be completed in the second quarter of 2022. The building features 32-foot clear height, dock and drive-in ramp access and concrete tilt-up construction on over 10-acres of land. It is located in the West Mesa submarket with proximity to Interstate 40 and is one of the first speculative industrial projects in the metro area in over 10 years.