CBRE: McAllen on a mission, industrial market movin’

McALLEN – The McAllen industrial market includes 22.9 million sf spread across five major submarkets including Mission, Edinburg, Pharr, Hidalgo and McAllen. ​

Most of the major industrial areas are south of I-2, near international bridges connecting the U.S. with Reynosa, Mexico. 

U.S.-Mexico trade is the major driver of industrial demand in McAllen in addition to produce distribution from South Texas and Mexico.

There were three significant transactions in second quarter 2016. 

• The largest deal was a warehouse lease by a pet product company in McAllen with existing operations locally.
• Also in McAllen, a company that refurbishes automotive parts leased 60,000 sf. 
• In Pharr, a company that handles perishable goods leased 50,000 of cold storage warehouse.​