With an investment of 106 million dollars (mdd), including closing costs, Fibra Prologis acquired two properties located in Ciudad Juárez, Chihuahua and in Monterrey, Nuevo León, two key markets in the demand for industrial spaces due to nearshoring.

The Class A Logistics Real Estate Investment Trust in Mexico detailed in a brief statement that the properties comprise 1,118,649 square feet of industrial space, around 103,926 square meters (m2).

Check here: Industrial demand from January-September in Tijuana exceeds the same period in 2022 by 57%

He pointed out that the rents are denominated in dollars in their entirety and the properties are occupied by clients who operate in the manufacturing and logistics sectors.

“As part of our growth strategy and as presented in our equity issuance, we successfully added 1.1 million square feet to our profitable area. These buildings are located in the best industrial markets, which allows us to continue increasing our footprint,” commented Luis Gutiérrez, general director of Prologis Mexico.

This is the second acquisition that the station has announced so far in 2023. On June 19, it said it purchased three properties located in Ciudad Juárez, Monterrey and Tijuana for a total purchase price of $74.9 million, including closing costs.

The properties comprise 651,258 square feet of industrial space and are fully leased on a dollar basis.

Of interest: Speculative projects reverse the decline in vacancy in Ciudad Juárez

As of June 30, 2023, Fibra Prologis had 228 properties dedicated to logistics and manufacturing located in six industrial markets in Mexico, with a total Gross Rentable Area of 44.2 million square feet, or 4.1 million m2.

In Solili you can consult industrial warehouses available in Mexico City and Guadalajara

Original note