JLL Brokers $300M Industrial Deal in Mexico

CHICAGO—A partnership between Finsa and Walton Street Capital has just purchased the Verde Northern Mexico Industrial Portfolio, a 35-property class A industrial portfolio in Mexico for $302 million. A capital markets team from Chicago-based JLL brokered the sale on behalf of IDI Gazeley Brookfield Logistics Properties. The Chicago-based Walton, which has been Mexico-based Finsa’s partner for years, is just one of an increasing number of investors crossing the border to secure top industrial product, according to JLL officials.

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.