September 11, 2018 Comments (0) Views: 738 Texas - Other, Texas News

Colimar Sells Rio Grande Valley Asset to STAG Industrial

Colimar Inc. unloaded its 270,084-square-foot, 18-acre industrial property in Mission, TX to buyer STAG Industrial Inc. Colimar, headquartered in Hidalgo , TX, continues to occupy the space at 802 Trinity in the Rio Grande Valley as part of its international logistics network. The seller/tenant operates warehouses and distribution centers throughout South Texas and the Rio Grande Valley.

JLL’s Dustin Volz, Zane Marcell and Grant Matthews led the sales effort with assistance from South Texas Commercial Real Estate’s Edward Villareal. The facility delivered in 1998.

“This building is a prime example of the continued shift of manufacturing, packaging and distribution of products being handled out of the U.S. side of the border. This has caused record low vacancies in all major markets along the Texas-Mexico border, in addition to continued investment by many high-profile tenants” Volz said.

Pictured: Generic Warehouse

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