Advance Real Estate announces the sale of 280,206 sf in Sonora and Guanajuato
Mexico City, February 8th, 2021 – Advance Real Estate, company focused on the acquisition, development, leasing and operation of industrial assets in Mexico, announces the sale of two industrial properties in the states of Sonora and Guanajuato, with a total of 280,206 sf of NRA, sold for US$15.55 Million. Both assets were part of one of the portfolios that Advance Real Estate acquired in 2019.
“These assets are located in attractive markets and have high-quality tenants. The decision to dispose them follows the company’s growth strategy to increase its presence in other key markets”, Gerald Marchel, Head of Capital Markets at Advance Real Estate, explained.
This sale represents one more step in Advance’s strategic plan of continued investment, growth, consolidation and presence in key industrial markets in Mexico.
About Advance Real Estate
Advance is a leading company in the acquisition, development, leasing and operation of industrial and logistics assets, with presence in 12 cities within Mexico and a portfolio of 1 million sqm of industrial space.