By IvyLee Rosario
STAG has acquired a 17.9-acre industrial property in Mission, Texas. JLL Industrial Capital Markets arranged the sale on behalf of the previous owner, Colimar Inc.
Located at 802 Trinity St., the 270,084-square-foot property serves as a logistics and manufacturing facility.
The JLL team consisted of Executive Vice President Dustin Volz, Vice President Zane Marcell and Associate Grant Matthews, with assistance from South Texas Commercial Real Estate’s Founder & Principal Edward Villareal.
“Logistic and manufacturing efforts traditionally managed in Mexico continue to shift to the U.S. side of the Texas-Mexico border,” Volz told Commercial Property Executive. “This continued shift has driven record low vacancies in McAllen, Laredo, El Paso and other border towns. National and regional credit tenants continue to flock to these markets for their logistical capabilities and strong labor pools.”
In April, AIV Inc.—a subsidiary of STAG Industrial Inc.—bought Brookhollow West Business Park, two fully leased, Class A industrial buildings in northwest Houston, totaling 232,950 square feet.
Image courtesy of JLL Capital Markets