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**Stage Equity Partners Acquires Medical Office Portfolio in El Paso, Texas**
Chicago-based Stage Equity Partners has acquired a two-building medical office portfolio in El Paso, Texas, marking the firm’s ninth acquisition in the state. The seller was an institutional fund manager.
The portfolio consists of two single-story buildings located at 1390 and 1393 George Dieter Drive, totaling 40,750 square feet. Positioned along a prominent retail and medical corridor, the properties are 100% leased. Over one-third of the total space is occupied by health system credit tenants, including the University of El Paso Medical Center and Tenet Health.
Jay Miele of Newmark represented the seller in the transaction, and acquisition financing was provided by Wintrust Bank.
The properties offer features attractive to medical tenants, including direct tenant access, ample parking, and a mix of complementary medical practices and specialties.
“The dynamics of this transaction, and the medical office market in El Paso, make this a very attractive opportunity for Stage Equity and its investors,” said Brian Howard, President and Founder of Stage Equity Partners.
This acquisition continues Stage Equity’s strategic expansion in Texas and highlights sustained investor interest in healthcare-related real estate.
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