The Meor real estate developer fund began construction of the first stage of its second industrial park in Tijuana, Baja California, with an investment of 1.80 million pesos. The project estimates that it will generate 1,800 direct jobs for skilled labor, as well as two 1,500 indirect in the state.

According to Jonathan Pomerantz, commercial and investment director of Meor, the industrial park, called Hubspark Northwestern, will have an area of approximately 48 thousand square meters.

See also: After the challenges of the pandemic, the net absorption of Guanajuato recovers

In an interview with the media, the developer explained that Tijuana is a competitive market with a shortage of land because its geography combines coasts with elevations, which makes it difficult to build.

But seeing this strong demand, and with one of the best locations, we figured out a way to take advantage of this opportunity and chose to put more resources into grading complex land and staying close to major corridors,” Pomerantz said.

The current demand for industrial space in Tijuana is 650 thousand square meters, according to the commercial director of Meor. In fact, the developer has detected around 18 companies looking for industrial parks to settle.

Of interest: Leadership of the medical sector boosted the industry in Tijuana

Meanwhile, the Hubspark Northwestern has received offers from two potential clients, a logistics company and a display manufacturer, from the United States and China. The first stage of the development is expected to open in October 2023.

In Solili you can consult industrial warehouses available in Monterrey, Mexicali y Tecate

Original note