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.

Collectively, the AllianceTexas Heritage properties offer 283,000 square feet. The 119,000-square-foot Heritage Commons III, which was built in 2006, sits on nine acres. It is currently 100% leased to DynCorp International, a government services contractor.

Heritage Commons IV, which was constructed in 2008, is located on 10 acres. The 164,000-square-foot office building is 100% leased to Mercedes-Benz Financial Services.

Petersen tells GlobeSt.com that the office buildings, which were acquired in an off-market transaction, are an ideal fit for the fund’s investment criteria. “The fund is designed to produce current income, and we could achieve the kind of income we were looking for with these buildings,” he says. “They’re class A, they have great tenants and a good term left on the leases.”