FD Stonewater Sells McAllen, Texas Property To GSA Investor Group

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FD Stonewater announced today that it has sold a recently delivered, build-to-suit facility under long-term lease to the U.S. Government in McAllen, TX. The buyer of the 24,000-square foot U.S. Immigration and Customs Enforcement (ICE) facility was a New York City-based investment group focused on buying Government assets with long-term leases in place.

FD Stonewater announced today that it has sold a recently-delivered, build-to-suit facility under long-term lease to the U.S. Government in McAllen, TX. The buyer of the 24,000 square foot U.S. Immigration and Customs Enforcement (ICE) facility was a New York City-based investment group focused on buying Government assets with long term leases in place. The facility, which houses ICE’s Office of Investigations at the U.S.-Mexico border, is under a 10 year lease to the Government. Claiborne Williams, FD Stonewater’s lead development principal, said “This is a great result for all parties. GSA and ICE have received a state-of-the-art facility to meet their long term needs. The buyer – a tremendously experienced owner and operator of Government leased properties - has purchased an asset that will provide stable returns to their investors. And, FD Stonewater was able to successfully deliver this important building to the Government and also capitalize on the current market demand for quality investment opportunities.”

About FD Stonewater

FD Stonewater is a boutique real estate brokerage, investment, development and advisory firm with offices in New York, Los Angles and Washington, DC. Collectively, the firm’s leadership has a track record of more than $10 billion in investment and acquisitions and over 37 million square feet of lease transactions.

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David Alperstein
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