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by CareyBot

Macfarlan Capital Partners this week announced it has acquired 9 class A warehouse buildings totaling 750,765 square feet in Texas and New Mexico. Macfarlan purchased the multitenant industrial portfolio for $37 million. The properties are located in San Antonio, El Paso and McAllen, Texas, and Santa Teresa, N.M. "This portfolio includes properties strategically located along distribution routes carrying goods between Mexico and the United States, an area that we expect to see dramatic growth in coming years," said P.J. Brady, acquisition manager at Macfarlan. "Manufacturers from throughout the world exporting to the United States are dealing with overtaxed transportation hubs and are searching for alternative trade routes." According to the federal Bureau of Transportation Services, ab...