Investors are crossing borders in their pursuit of top industrial product as JLL‘s Capital Markets experts announced their brokerage of the sale of the Verde Northern Mexico Industrial Portfolio on behalf of IDI Gazeley Brookfield Logistics Properties. Finsa/Walton Street Capital purchased the 35-property Class A portfolio for $302 million.
The transaction was led by International Director John Huguenard, Managing Director Michael Hochanadel and Senior Vice President Sean Devaney of the JLL US team in conjunction with National Director Gerardo Ramírez and Director Alberto León of the JLL Mexico team.
“This portfolio presented investors with the opportunity to acquire scale for one of the most sought after product types,” said Huguenard. “Mexico’s growing economy plus the property’s locations near the United States position the portfolio to benefit from a significant amount of trade between the two countries.”
The portfolio totals 5.7 million square feet with buildings located in Juarez, Tijuana, Reynosa and Chihuahua, Mexico and consists of approximately 446 acres of land. There are 43 different tenants represented across the properties.
