2 landmark downtown El Paso office towers sold to west Texas investment firm

EL PASO, Texas – Two of the largest and most notable office towers in downtown El Paso have been sold to an investment firm that is expanding its holdings in west Texas, officials said Friday.

One San Jacinto Plaza, formerly the the Chase bank building, and the Wells Fargo Plaza were acquired by Franklin Mountain Investments from the Borderplex Realty Trust. The purchase price was not disclosed.

The deal means Franklin now manages approximately 1.8 million square feet of office space throughout west Texas.

Franklin already owned the Mills Plaza Properties complex in downtown El Paso, which consists of the Mills and Centre Buildings. The company also has a controlling interest in six downtown buildings in Midland.

Franklin Mountain Investments is an affiliate of a company owned by El Paso billionaire Paul Foster.