HIDALGO, TX-In a move to beef up its industrial properties inborder towns, GlobeSt.com has exclusively learnedthat BH Properties LLC acquired the313,120-square-foot Tres Puentes Distribution Center for $8.6million through Auction.com. Tres Puentesrepresents BH Properties' second buy in the region; it already ownsa 209,000-square-foot industrial building on Galveston Avenue inMcAllen, TX.

“The Tres Puentes purchase falls in line with our focus onborder town industrial properties,” comments Steve Jaffe, BHProperties' executive vice president and general counsel. “We willlook to add to our border holdings in Texas, Arizona and Californiaover the next two years.”

The buy is the Southern California investor's third throughAuction.com. Earlier this year, BH Properties closed on a 147,194-square-foot officeproperty in Riverside, CA for just under $10million.

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