“JP set us up with a Mexican developer, identified a property that would be suitable based on not just square footage, but by excellent understanding of the business we would be doing. We were up and running in 120 days including all tenant improvements such as electricity,
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Tijuana Industrial Real Estate Update February 2017 Tijuana is in a state of flux. Looking at thirty years of data while working in this market, there has never been so little vacancy. In 2016, over four million square feet was absorbed by companies like Motor Car Parts
Tell me more →A new $15 million rail line and multi-model facility one half mile from the US border in Tecate is finally under construction. Hyundai, Toyota and Samsung plan to use these facilities to transport their products to the US marketplace. Maquila Properties has 50 acres and a 170K
Tell me more →The borders of Mexico were the first beneficiaries of the maquiladora (or in bond) program in the 1960’s. Foreign companies could import machinery and raw materials duty free, as long as they promised to re-export the final products. The Maquila Program or Border Industrialization Program, was intended
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The Tijuana commercial and industrial real estate market is booming. Vacancy has dropped to 5% for the first time since the 1990’s. The Tijuana Industrial real estate market boomed in 2015 as Flex Medical (144,000 SF in Otay), Ink Throwers (200,000 SF in La Jolla Industrial Park),
Tell me more →FIBRA Macquarie México announced it has successfully completed the acquisition of a ten-property industrial portfolio with a Gross Leasable Area (GLA) of 2.2 million square feet located in the northern Mexico cities of Monterrey, Reynosa, Tijuana, Ciudad Juarez and Saltillo. The portfolio was acquired from an institutional
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