FIBRA Prologis, a leading owner and operator of Class-A logistics real estate in Mexico, today announced the acquisition of a 290,100-square feet fully occupied Class-A building for a total investment of US$ 19.1 million, including closing costs.
The property was developed by sponsor Prologis and is in Prologis Park El Puente in the Reynosa market.
"This newly developed facility complements our portfolio in Reynosa, which as of September 30 was 97.8% occupied," said Luis Gutierrez, CEO, Prologis Mexico. "The property is leased in dollars to a global logistics service provider. The high design standards and quality of the property, are key differentiators that allow us to attract multinational customers."
This is Prologis’ second acquisition in recent days. Earlier this month the company announced the acquisition of a new 143,400 square foot Class-A building for a total investment of US$ 10.5 million, including closing costs.
The property is a new development by sponsor Prologis and is in Prologis Park Toluca in Mexico City’s Toluca submarket.
“This property is a state-of-the-art facility located in Prologis Park Toluca. With little vacancy in Mexico City, Toluca represents a natural alternative for tenants focused on the Greater Mexico City area,” said Gutierrez, CEO. “The property is 100-percent leased to a tenant in the automotive distribution sector.”
FIBRA Prologis is an owner and operator of Class-A logistics real estate in Mexico. As of September 30, 2017, the company comprised 194 logistics and manufacturing facilities in six industrial markets in Mexico totaling 34.2 million square feet (3.2 million square meters) of gross leasable area, of which 4.4 million square feet are located in Reynosa.