MAG Capital Partners has purchased two logistics facilities in Hidalgo County in a sale-leaseback transaction with McAllen, Texas-based Commodities Integrated Logistics.
Totaling 360,000 square feet on 23 acres in Weslaco, Texas, 2300 Sugar Sweet Ave. and 501 S Pleasantview Drive are 20 minutes east of McAllen with immediate access to I-2 and Mid Valley Airport.
With over 30 years of operating history, CiL occupies over 1.5 million square feet of logistics space along the U.S.-Mexico border for the import, export, warehousing, distribution and transportation of industrial, commercial and perishable products. Additionally, CiL offers its CiL Deliveries System for small- and medium-sized manufacturers and entrepreneurs to benefit from digital commerce and treaties in place with the U.S., Mexico and Canada.
Mexico was the United States’ top trading partner in 2023 with total two-way goods trade at $799 billion, according to the Office of the United States Trade Representative’s 2024 U.S.-Mexico High-Level Economic Dialogue Mid-Year Review. As noted in the Texas Department of Transportation’s 2024 Border District Trade Transportation Report, in 2022, Texas ranked first in terms of the value of goods traded with Mexico at $285.6 billion, followed by California at $91.3 billion.
