El Paso developer buys land in New Mexico border town

Posted: Tuesday, January 9, 2018 1:43 am | Updated: 2:15 am, Tue Jan 9, 2018.

SANTA TERESA, N.M. (AP) — An El Paso businessman and developer is investing in a booming New Mexico industrial area along the U.S.-Mexico border.

The El Paso Times reports that Lane Gaddy has purchased 3.4 square miles (8.8 square kilometers) of vacant land in Santa Teresa's growing industrial area.

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