Broker for old outlet mall pitches property as future film studio | KOB 4

Broker for old outlet mall pitches property as future film studio

Kai Porter
Updated: November 15, 2019 06:21 PM
Created: November 15, 2019 05:10 PM

ALBUQUERQUE, N.M.- The old outlet mall between Albuquerque and Santa Fe could become home to a production studio.

“Hopefully, there's demand for someone to come and want to spend a lot of money to get this up,” said Stu Sherman, a broker with S.C. Sherman and Company.

Sherman wouldn't disclose the price but said they're looking for a buyer -- most likely a production company -- to purchase the 50-acre property.

Sherman says the booming film and TV industry makes it a prime time to sell.

“And the sound stages that are currently existing in Albuquerque and Santa Fe are full all the time,” Sherman claimed, “So there seems to me a demand for this void to be filled."

The developer has provided potential buyers with renderings of what the property could look like as a studio.

Sherman said it's already zoned for the development -- and a buyer could start construction right away.

“The site has power, its own water system, its own sewer system, two driveways and exits and entry on to 257, so it's pretty much--I'd say shovel ready,” Sherman said.

The property is currently owned by Jim Long -- founder and CEO of Albuquerque-based Heritage Hotels & Resorts.

Copyright 2019 - KOB-TV LLC, A Hubbard Broadcasting Company

Comment on Facebook