InSite Announces El Paso Center

By Rich Miller
CarrierHotels News Staff

Jan. 10, 2000 -- Chicago-area developer InSite Real Estate Development this week announced the acquisition and development of the El Paso Information Technology Center.
The 120,000 square foot building, located at 500 W. Overland in downtown El Paso, is being renovated to house multiple Web hosting, colocation, Internet, and telecommunications service providers. InSite said it expects its first tenants to occupy the center in the first quarter of 2001.
Originally constructed as a textile manufacturing facility, the building's structural components include 200-plus pounds. floor loading and 30,000 to 50,000 square foot floor plates.
"We expect the significant amount of long-haul fiber passing through El Paso and a location less than a quarter-mile from the main U.S. port of entry into Mexico will provide significant demand for telecommunication infrastructure in the El Paso market," said Dan Shannon of InSite.
Located across the street from Williams Communications POP, multiple providers have fiber running adjacent to the building, including SBC (ILEC), espire, and AT&T. The Global Technology Group of CB Richard Ellis and InterAmerica Property Company are handling leasing for the facility.
InSite Real Estate Development, LLC is based in Oak Brook, Ill. and has developed nearly 400 office, industrial and retail properties located in over 35 states.