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SEGUIN, TEXAS — ElmTree Net Lease Fund II, an investment vehicle of St. Louis-based private equity investment firm ElmTree Funds, has acquired a 300,000-square-foot industrial property in the San Antonio suburb of Seguin for $22.6 million. FCA LLC, a third-party logistics provider for Caterpillar, leases the manufacturing and distribution facility, which is expandable to 395,000 square feet. Located at 1720 W. Kingsbury St., the property features 30-foot clear ceiling heights, 4,000 square feet of office space and two truck courts totaling 330 feet.