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De La Vega Development
3131 McKinney Avenue
Suite 400
Dallas, Texas 75204
Main: (214) 750-7688
Fax: (214) 750-8259

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Las Palmas Marketplace is a 750,000 square foot regional center located in El Paso, Texas, serving one of the largest border crossings in the world.

The Property, which is currently 98% occupied, is the premier open-air shopping
destination in the El Paso area boasting an unrivaled tenant lineup.






Las Palmas Marketplace

I-10 at George Dieter Dr. & Zaragoza Rd.


 Overview

Location:            I-10 at George Dieter Dr. & Zaragoza Rd., El Paso, Texas 79925
Size:                    750,000 SF Total Development
Acreage:             80 Acres Total Development
Occupancy:       98%
Year Built:          1999-2008


Investment Highlights

• Premier Institutional Quality Asset     Las Palmas Marketplace is the dominant open-air regional shopping center in El Paso. The Property boasts dramatic architectural appeal, a prolific location and an incredible tenant mix, which includes Lowe’s and Kohl’s, amongst others on ground leases. Las Palmas is currently 98% leased and strategically positioned to capture the explosive growth in El Paso as well as a two million person trade area across the border. • Prime Location    Las Palmas is located where Zaragoza Rd. and George Dieter Drive funnel into Interstate 10, the major east/west thoroughfare running through El Paso, with over 132,000 vehicles passing in front of the center each day. Directly south of the Property is the Zaragoza International Bridge, one of the main ports of entry from Mexico into the greater El Paso area, allowing direct access to the large trade area located across the border.
• Strong Anchor Tenants/Merchandising Mix Features an attractive alignment of large national retailers, small inline tenant, out parcel restaurants and shadow-anchored by a strong performing Cinemark Theatre. Las Palmas Marketplace is an open air, pedestrian-friendly shopping environment including 13 restaurants and a wide array of high traffic tenants drawing both locals and tourists to the center. • Extensive Trade Area Given that Las Palmas Marketplace is the premiere shopping experience in the El Paso area, it draws customers not only from El Paso but from the surrounding cities on the US/Mexico border as well. The fifth-largest city in Mexico is Ciudad Juarez with a population of 1.5 million. This, combined with an El Paso population of 750,291, provides Las Palmas with a trade area of over two million people in the immediate vicinity. Historically, over 35% of all shopping dollars spent in El Paso come from Mexican nationals who exhibit a higher expenditure level than domestic shoppers.

Site Plan (Click to enlarge image)

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 Major Tenants 

  • Lowe’s
  • Ross
  • Michael’s
  • Cost Plus

 
 

  • Kohl’s
  • Office Depot
  • Cinemark Theater 
  • Walgreens
  • Bed Bath & Beyond
  • Babies ‘R Us
  • DSW Shoes