Logistic Properties of the Americas (LPA) entered into a Master Forward Purchase Agreement for a portfolio of Class A industrial properties in Central Park 57, Tepeji del Río, State of Hidalgo, Mexico, representing an approximately US$200 million investment. The agreement enables progressive acquisition of stabilized assets in a logistics park sponsored by Fortem Capital.
Key takeaways
Entered Master Forward Purchase Agreement for Central Park 57 industrial park
Investment approximately US$200 million
Located in Tepeji del Río, State of Hidalgo, Mexico, along Mexico–Querétaro Highway
First building pending stabilization of approximately 153,400 square feet
Total expected gross leasable area upon completion: approximately 2.1 million square feet
Sequential closings subject to construction completion, lease stabilization, and regulatory approvals