|CBRE: McAllen on a mission, industrial market movin’||CBRE: McAllen on a mission, industrial market movin’||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=14053||2016-08-09T05:00:00Z|
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.
See McAllen Industrial Market Research.