ProximityParks Opens New Logistics Center
ProximityParks has begun construction on ProximityParks Iztapalapa III, its new industrial complex for last-mile logistics, which involves an investment of US$33 million to adapt a former, disused factory, transforming its infrastructure into facilities that will support distribution and e-commerce operations in eastern Mexico City.
The project covers an area of more than 24,000 m². The company, its development, and subsequent operation are expected to generate more than 800 direct jobs in Iztapalapa.
The investment aims to reuse the existing industrial infrastructure rather than develop the project from scratch on a new site. These facilities operated for more than four decades as an office furniture factory before being decommissioned.
ProximityParks recognized more than five years ago the potential to revitalize the property and convert it into an asset dedicated to urban logistics. The location will bring inventory and distribution operations closer to one of the areas with the highest concentration of consumers in the capital.
The complex will primarily serve logistics and e-commerce companies that need to reduce the distance between their facilities and final delivery points—a factor that directly affects transit times, distribution costs, and the utilization of fleets.
ProximityParks Iztapalapa III will incorporate specifications designed to reduce the environmental impact of its operations. The project will seek LEED certification, which will include solar panels for power generation, electric vehicle chargers, and bicycle parking.
Mario Berlanga, CEO and co-founder of ProximityParks, confirmed that: “ProximityParks Iztapalapa III will become a benchmark for last-mile logistics in the region; an investment that supports the economic and social development of Iztapalapa and Mexico City.”
The investment in Iztapalapa is part of an expansion program through which ProximityParks hopes to reach US$1,000million in assets under management over the next three years.
The company also has other projects under development in industrial and logistics markets such as Mexico City, Monterrey, and Guadalajara.
