A modern 18-story office building in downtown El Paso may soon change hands, with the current owner maintaining space in the structure through a lease-back arrangement.
Located at 100 N. Stanton Street, the structure, with more than 379,000 square feet of rentable space, is currently the corporate headquarters for the public utility company El Paso Electric.
Completed in 1983, what is known as the 100 Stanton Tower includes loading dock space and covered parking, among other features. Listed as a Class A building, the structure also includes a modern-designed outdoor sitting space.
The building was originally owned by the El Paso Natural Gas Company before being sold for $40 million to the California Public Employees Retirement System. El Paso Electric, which began leasing offices on five floors of the building in the fall of 1996, purchased the structure outright in 2008.
Listed as the 5th tallest high-rise in the city, the structure was originally called the Kayser Building.
By Garry Boulard
