Cardinal Industrial Nabs South Texas Facilities
- Sep 20, 2018
Cardinal Industrial has acquired two industrial buildings in South Texas.
The properties are located at 6900 S. International Parkway in McAllen and 201 W. Anaya Road in Pharr. The assets total 463,708 square feet across 25.8 acres near the U.S.-Mexico border.
JLL’s Industrial Capital Markets team of Executive Vice President Dustin Volz, Vice President Zane Marcell and Associate Grant Matthews represented the buyer, while Opinsky & Frampton’s John Opinsky represented the seller. Earlier this month, the same JLL team arranged the sale of 802 Trinity St. in Mission, Texas, on behalf of the previous owner, Colimar Inc.
“Investment activity along the US-Mexico border for industrial products is seeing significant increases with more manufacturing and logistics operations shifting over to the U.S. Strong, accessible labor pools and competitive overhead costs are driving interest from national and regional tenants and investors resulting in lowered vacancies,” Volz told Commercial Property Executive.
Image courtesy of JLL