Texas Border Business
Colliers New Mexico- El Paso and Killam Development announced the closing of a ±272-acre industrial-zoned land sale in Santa Teresa, New Mexico. Engineering design and development are scheduled to begin in the first quarter of 2026. The first phase will include limited build-to-suit opportunities and initial lot availability.
The property is located within a designated Foreign Trade Zone. It sits at the northwest corner of Pete Domenici Highway and Strauss Road, approximately four miles north of the Santa Teresa Port of Entry. Colliers brokers Bob Feinberg and Tom Jones, CCIM, represented both Killam Development and the seller in the transaction and were selected as the exclusive marketing agents for the development.
“We are excited to partner with Killam Development, which is an experienced and knowledgeable developer, and are looking forward to bringing their vision of the Avila Industrial Park to fruition,” said Bob Feinberg, senior vice president and principal at Colliers. “This is a prime location for businesses, manufacturers, and anyone who wants to do business and service the growing needs in the Borderplex region, which is where you want to be right now.”
Cliffe Killam, president of Killam Development, said the site is positioned to meet current and future demand. “The site is extremely well positioned for development with its strategic location, water and sewer infrastructure that is ready to go, and at the right inflection point to capture the existing and growing demand in the area for logistics and manufacturing space,” he said.
Killam Development led the purchase and acquisition of the land, citing nearshoring trends and growing industrial demand in Santa Teresa as key drivers. The company will oversee branding, design, platting, and construction for the project. According to the company, the goal is to support long-term industrial growth and strengthen Santa Teresa’s role in cross-border trade and logistics.
“Killam Development is excited to join the business community in the Santa Teresa market, make a positive impact in the community, and help contribute to this dynamic, modern logistics industrial hub reshaping supply chains and how business gets done,” Killam said. He added, “Our partnership with Colliers brings additional expertise and deep institutional reach, ensuring the project is matched with the best first-class businesses.”
The site offers several advantages in location and infrastructure. It is about four miles south of the port of entry, where cargo trucks are allowed to travel 10,000 pounds overweight without penalty. The property is directly across Pete Domenici Highway from Alta Mesa Estates, a planned ±1,200-acre mixed-use development. It is also less than two miles from Project Jupiter, an AI data center campus under construction that is expected to generate more than 2,500 construction jobs and at least 750 permanent jobs.
Additional nearby assets include Santa Teresa’s expanded airport, Union Pacific’s intermodal hub, and access to Interstate 10 in El Paso, Texas, about 12 minutes away via Artcraft Road. The site is also located two miles north of the planned Border Highway Connector, known as NM 139, which is intended to improve connectivity between Santa Teresa, Sunland Park, and El Paso. End users may also qualify for a range of real estate tax abatements and tax credit programs.
Occupancy options at the development will include build-to-suit facilities, land sales, and ground leases.
“Thanks to its strategic location, the surge in nearshoring demand, and the growing number of companies committing to the area, the Santa Teresa market is positioned to emerge as a leading hub for industrial development and growth,” said Tom Jones, senior vice president and principal at Colliers. “We are very pleased to contribute to this dynamic new chapter for the market and to partner with Killam Development.”
Jones added, “The Killam team has been exceptional to work with. They are forward-thinking leaders with a clear understanding of market demand and strategic investments. It’s an honor to have been entrusted by Killam to lead the leasing and land sales.”
