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Booming Mexican Industrial Sector Draws DCT to Tijuana

TIJUANA, MEXICO-Expanding its Mexican portfolio, Denver-based DCT Industrial Trust Inc. entered the Tijuana market with the acquisition of three buildings. DCT president and CIO James D. Cochran says Tijuana is one of the country's strongest industrial markets.

By John McCloud | Updated on January 08, 2008

TIJUANA, MEXICO-Expanding its Mexican portfolio, Denver-based DCT Industrial Trust Inc. entered the Tijuana market with the acquisition of three buildings totaling more than 200,000 sf. According to DCT president and CIO James D. Cochran, Tijuana is one of the country’s strongest industrial markets because of its proximity to the US, a limited supply of developable land and its robust maquiladora industry. It is one of the company’s target markets.

Two of the buildings are located in the Pacifico submarket, which offers the largest labor force concentration in Tijuana and is close to major transportation arteries. These include a118,000-sf bulk distribution facility in the Morelos Industrial Park and a 31,000-sf light industrial facility in the Pacifico Industrial Park. The third building is a 55,000-sf bulk distribution facility in the Otay submarket, the industrial area closest to the US border, which also contains the city’s largest concentration of electronics companies. All the buildings are 100% leased.

DCT owns approximately 630,000 sf across four markets in Mexico, including a 107,000-sf development recently acquired from Mexico City-based Nexxus Capital, the company’s development partner in Monterrey. The Monterrey building is fully leased to Fluidmaster Inc. of San Juan Capistrano, CA, with an agreement to expand to 190,000 sf next August. The company is committed to acquire five additional development buildings in Monterrey from Nexxus. The buildings total 751,000 sf and include a 78,000-sf development project expected to be sold to a user.

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