June 2022
We are pleased to announce the acquisition of a diversified industrial portfolio comprised of 32 class A and B assets totaling 4.29 million square feet in three of Mexico’s largest and most dynamic markets: Ciudad Juarez, Monterrey, and Reynosa. The acquisition also includes 2.5 million square feet to develop four additional buildings. Mexico's major industrial markets are witnessing a significant demand/supply imbalance, historically low vacancy, and increasing lease rates, which are driven, in part, by nearshoring.
