Class A industrial properties in Central Park 57
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Logistic Properties of the Americas Enters into Master Forward Purchase Agreement for Strategically Located Class A Industrial Real Estate Assets in Mexico
Businesswire· 2026-03-09 12:30
Core Insights - Logistic Properties of the Americas (LPA) has entered into a forward purchase agreement for a portfolio of Class A industrial properties in Tepeji del Río, Mexico, representing an investment of approximately US$200 million [1] - The acquisition is part of a strategic partnership with Fortem Capital, aimed at expanding LPA's presence in Mexico and benefiting from ongoing demand in logistics and nearshoring activities [1] - Central Park 57, the industrial park involved in the transaction, is designed to be a modern logistics hub with approximately 2.1 million square feet of gross leasable area, strategically located along a key logistics corridor [1] Company Overview - LPA is a leading developer, owner, and manager of institutional quality industrial and logistics real estate in Latin America, focusing on high-growth markets [1] - As of September 30, 2025, LPA's portfolio includes 35 logistics facilities across Costa Rica, Colombia, Peru, and Mexico, totaling approximately 560,000 square meters (or about 6.0 million square feet) of gross leasable area [1] Strategic Partnership - The partnership with Fortem Capital is characterized by a disciplined, partner-centric growth strategy, aimed at systematically increasing LPA's market presence while mitigating risks [1] - Fortem Capital emphasizes a disciplined approach to developing institutional-quality real estate platforms in strategic corridors, aligning with long-term demand drivers [1] Market Context - The location of Central Park 57 offers efficient connectivity to major regions, including Mexico City and Querétaro, positioning it to capitalize on the growth of e-commerce and third-party logistics [1] - The park is expected to provide a cost-effective alternative within the greater Mexico City industrial real estate market, catering to high-grade global and regional tenants [1]