NEW YORK, and MEXICO CITY-Clarion Partners, a leading real estate investment manager in the Americas, plans sell to a 22-building industrial portfolio located in Mexico to FIBRA Uno, a Mexican public REIT.
In addition to the 22 buildings, four land reserves containing a total of 67 acres are included in the $202 million transaction. Grupo Garza Ponce, a Mexican real estate developer and Clarion Partners' joint venture partner in the portfolio, contributed six additional properties to bring the combined sale value to $275 million.
Nineteen tenants, including U.S, Mexican and international companies, occupy 91% of the portfolio's 2.8 MM square feet of NRA across five metropolitan areas: Monterrey, Saltillo, Reynosa, Ciudad Juarez and San Luis Potosí. The properties are strategically located to take advantage of proximity to key cross-border supply chain networks as well as Mexico's favorable demographics.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
