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  • Albuquerque, NM 87113

News

New industrial park planned for South Valley

A 24-acre industrial park, with a 108,800-square-foot warehouse as its opening phase, is planned by a group of local investors on Prince SE, north of Rio Bravo in one of the Albuquerque metro area’s go-to areas for industrial development.

Preparations are underway to have the initial 108,800-square-foot building, one of three planned for the site, ready for construction once a tenant is lined up to lease a minimum of 50 percent of its space, said Paul Cauwels, who with Jeff Stuve head up the investment group.

“We like the South Valley for industrial development because North I-25 (submarket) land prices make it cost prohibitive,” Cauwels said. “Rio Bravo is one of six bridge crossings so you’ve got open access to the West Side if you’re distributing product locally.”

The initial building will be concrete tilt-up construction with 28-foot-high ceilings. Part of the basic lease package is office space built as an exterior addition to the warehouse proper, Cauwels said.

“Offices inside warehouses are dark and mostly windowless,” he said. “This way, you get three sides with glass and skylights that work.”

Regarding the building’s 28-foot-high ceilings, leasing agent Jim Smith of CBRE noted that, at the end of the year, industrial buildings with ceilings 24 feet and higher had a vacancy rate of 3 percent compared to a vacancy rate of 9.4 percent for buildings with ceilings lower than 24 feet.

Cauwels and Stuve are local commercial real-estate veterans who are partners in Cauwels & Stuve Realty and Development Advisors. Their industrial park at 3750 Prince SE is near two of the South Valley’s premium distribution centers, US Foods and Admiral Beverage.

April 14, 2015 from the Albuquerque Journal

Mark Thompson awarded the designation of CCIM

Cauwels & Stuve broker Mark Thompson was recently awarded the designation of CCIM, which makes him a Certified Commercial Investment Member. This is a coveted designation that is recognized as a hallmark of professional competency. CCIM qualifies its members as experts in the field of commercial real estate investments and offers an undisputed competitive advantage in the industry. The pinning ceremony held last week in Chicago culminated a six month process of coursework, case studies and comprehensive exams.

April 2015

C&S Signs New Uptown Lease for Law Firm

Sheehan & Sheehan, P.A., a Martindale-Hubbell AV rated law firm, is relocating its ABQ headquarters from Downtown to Uptown. The company will occupy over 10,000 square feet at 6001 Indian School Road NE, known as Albuquerque Centre, a property managed and leased by Cauwels & Stuve. According to the Sheehan & Sheehan website, the firm was established in 1954 and engages in general, civil, trail and appellate practice in all state and federal courts in New Mexico. Albuquerque Centre has undergone numerous upgrades in the past 2 years, including replacement of the 150 ton chiller/boiler, renovating the entry lobby and restrooms, updating common area finishes, and painting the exterior. The property has a mix of professional tenants such as attorneys, engineering firms and insurance companies and is locally owned.

April 2015

New Cauwels & Stuve development opens, creates 120 jobs

Rio at Las Estancias, a 49,000-square-foot long-term care and rehabilitation center, officially opened Thursday at the southeast corner of Coors and Rio Bravo SW.

The $10 million project, which will employ 120 at full operation, is a joint venture of Albuquerque-based On Pointe Health and developer Cauwels & Stuve Realty & Development Advisors. It’s On Pointe’s first property in New Mexico but not the last.

“We’re going to open a facility very similar to Las Estancias in Rio Rancho in January, across Unser from (Presbyterian) Rust Medical Center,” said company President and CEO Jeremy Martin.

Rio at Las Estancias has 80 beds for long-term or skilled nursing care and 40 private rooms for post-surgery recovery and rehab. Designed in a resort-type style, it has a coffee bistro and theater room.

Much of its staff has been recruited from the surrounding community, the company said in a news release.

“This is a tight-knit community, and we’re excited to be part of it,” Martin told the Journal. “It has a small-town feel, and we’ve gotten a lot of support.”

On Pointe was formed earlier this year by the merger of Heritage Management Services, which consists of partners Martin and Michael Hoskins, and WW Healthcare, which consists of partners Jerry Williamson and Horace Winchester. The company offers a range of services that patients can use through their senior years.

Martin and Hoskins will focus on the operations side, while Williamson and Winchester will focus on development and construction of new facilities.

“Those guys put up these beautiful settings,” Martin said. “Michael and I will use our expertise and all we’ve learned to match services to these beautiful settings.”

Rio at Las Estancias was built by local contractor Enterprise Builders with 90 percent of the labor and supplies sourced locally, the news release said.

Former New Mexico resident Troy Thayne has returned to serve as its administrator.

By Richard Metcalf / Journal Staff Writer
PUBLISHED: Thursday, July 17, 2014 at 2:06 pm

Cauwels & Stuve Development among “5 spots that are hot”

Despite Albuquerque’s anemic job growth, several significant development project have sprouted throughout our sprawling city in recent months. We set out to identify a few keystone projects – those that represent something significant going on in commercial real estate. Each of these five corridors have at least one project that has been or could be a major catalyst for other developments, whether multifamily, retail or restaurants. Some are already creating buzz, and others are cetain to make their marks in time. To be sure, there are other keystone projects around the city. But these five projects, and the personalities behind them, are shaping up to have long-lasting effects on how Albuquerque lives and works.

South - Las Estancias

The massive 80-acre Las Estancias development in Albuquerque’s South Valley required assembling a lot of different players and puzzle pieces to get off the ground.

Developers Steve Maestas and Mike Mechenbier are working with Cauwels & Stuve Realty on the centerpiece of the development – WW Healthcare, which is an 88-bed skilled nursing/assisted living facility.

The assisted-living facility helped Maestas and his partners land $1.5 milion in LEDA money through Bernailillo County, catapulting the development into action. WW Healthcare is expected to create at least 110 long-term jobs. The entire development has created hundreds of temporary construction jobs thus far.

Photograph: Jeff Stuve (left) and Paul Cauwels stand in the 52,000-square-foot nursing facility at Las Estancias.

Reprinted from Business First New Mexico May 2, 2014