{"id":1004034824,"date":"2011-12-06T07:59:52","date_gmt":"2011-12-06T15:59:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004034824"},"modified":"2022-12-08T18:45:57","modified_gmt":"2022-12-09T02:45:57","slug":"prudential-provides-160m-in-financing-for-prologis-mexican-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/prudential-provides-160m-in-financing-for-prologis-mexican-industrial-portfolio\/","title":{"rendered":"Prudential Provides $160M in Financing for Prologis' Mexican Industrial Portfolio"},"content":{"rendered":"

December 6, 2011<\/strong>
\nBy Barbra Murray, Contributing Editor<\/em><\/p>\n

Apartments may be the preferred real state sector in the capital markets, but a good risk is a good risk and Prudential Mortgage Capital Co. recently saw one in a 4.7 million-square-foot industrial portfolio in Mexico. Prudential provided the owners, a co-investment venture managed by Prologis L.P., with $160 million in funds for the refinancing of the collection of buildings in Mexico City and Guadalajara.<\/p>\n

Prudential came through with a fixed-rate, five-year loan for the refinancing of the assets. It was the quality of modern buildings in the portfolio, the tenancy, the sponsorship and then some that caught Prudential’s attention. “[It was] all of those factors, plus Mexico City and Guadalajara are considered the best industrial markets in Mexico,” Frederick van Overbeek, a principal with Prudential, told Commercial Property Executive. Van Overbeek led the transaction along with colleague Elizabeth Velazquez, a director with the company.<\/p>\n

Encompassing 21 warehouse and distribution facilities, the cluster of properties has an occupancy level of 95 percent and a tenant roster that includes both multinational and regional businesses.<\/p>\n

It’s a good time for the industrial real estate sector in Mexico. “It’s recovering well as Mexico is becoming increasingly competitive vis-\u00e0-vis China,” van Overbeek said. “Mexico’s manufacturing sector has also demonstrated solid growth, which generates demand for industrial properties.”<\/p>\n

In addition to Mexico City and Guadalajara, Monterey, he added, is also seen as one of the most desirable industrial property markets in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

Prudential has provided co-investment venture managed by Prologis with $160 million in funds for the refinancing of an industrial portfolio in Mexico City and Guadalajara.<\/p>\n","protected":false},"author":1201,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,16,21742],"tags":[],"class_list":["post-1004034824","post","type-post","status-publish","format-standard","hentry","category-finance","category-industrial","category-international","category-latest"],"acf":[],"yoast_head":"\nPrudential Provides $160M in Financing for Prologis' Mexican Industrial Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/prudential-provides-160m-in-financing-for-prologis-mexican-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prudential Provides $160M in Financing for Prologis' Mexican Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"Prudential has provided co-investment venture managed by Prologis with $160 million in funds for the refinancing of an industrial portfolio in Mexico City and Guadalajara.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/prudential-provides-160m-in-financing-for-prologis-mexican-industrial-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-12-06T15:59:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:45:57+00:00\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-provides-160m-in-financing-for-prologis-mexican-industrial-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-provides-160m-in-financing-for-prologis-mexican-industrial-portfolio\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Prudential Provides $160M in Financing for Prologis' Mexican Industrial Portfolio\",\"datePublished\":\"2011-12-06T15:59:52+00:00\",\"dateModified\":\"2022-12-09T02:45:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-provides-160m-in-financing-for-prologis-mexican-industrial-portfolio\\\/\"},\"wordCount\":256,\"commentCount\":0,\"articleSection\":[\"Finance\",\"Industrial\",\"International\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-provides-160m-in-financing-for-prologis-mexican-industrial-portfolio\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-provides-160m-in-financing-for-prologis-mexican-industrial-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-provides-160m-in-financing-for-prologis-mexican-industrial-portfolio\\\/\",\"name\":\"Prudential Provides $160M in Financing for Prologis' Mexican Industrial Portfolio - 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