FORT WORTH-Macquarie CNL Global Income Trust Inc. has identified two more acquisitions in the Lone Star State. The fund, which focuses on income-producing properties leased to credit tenants, has inked an agreement to purchase two class A office buildings here for $49.75 million.
Macquarie CNL already has closed on the acquisition of Heritage Commons III and will close on the acquisition of Heritage Commons IV during the fourth quarter. Both buildings are fully leased and located in AllianceTexas, a 17,000-acre, master-planned community that is home to more than 260 companies, 28,000 employees and 7,400 single-family homes.
The two buildings mark the second and third acquisitions the fund has made, according to Mark Petersen, senior vice president with CNL Financial Group. The fund, which is registered to raise $1.5 billion, made its first acquisition earlier this month, buying a 51,189-square-foot distribution center Pflugerville, TX, that is fully leased to FedEx Ground Package System Inc. The property sold for $4.55 million.
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