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GUADALAJARA, MEXICO-In a deal that nearly doubles its commercialreal estate footprint here, AMB Property Corp. has acquired athree-building, 1.2 million-sf campus via a sale/leasebackagreement with the sole occupant. The newly branded AMB Los AltosIndustrial Park is located in the established El Salto businessdistrict that offers direct connection to downtown and toGuadalajara International Airport.

"Guadalajara's growth-oriented economy has a diverse industrialmarketplace, and is known as the 'Silicon Valley' of Mexico becauseof the number of technology companies with a presence here," AMBNorth America president Gene Reilly says in a release announcingthe deal. That notion is underscored by the occupant of the park, aglobal technology firm whose laptop division uses space forR&D, manufacturing and distribution.