{"id":1004124200,"date":"2015-07-29T05:34:56","date_gmt":"2015-07-29T13:34:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004124200"},"modified":"2022-12-08T09:38:01","modified_gmt":"2022-12-08T17:38:01","slug":"international-terrafina-expands-sizably-in-mexico","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/international-terrafina-expands-sizably-in-mexico\/","title":{"rendered":"International: Terrafina Expands Sizably in Mexico"},"content":{"rendered":"<div id=\"attachment_1004124203\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/terrafina-c.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004124203\" data-attachment-id=\"1004124203\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/international-terrafina-expands-sizably-in-mexico\/terrafina-c\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/terrafina-c.jpg\" data-orig-size=\"570,242\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"terrafina-c\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/terrafina-c.jpg?w=570\" class=\"wp-image-1004124203 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/terrafina-c.jpg\" alt=\"terrafina-c\" width=\"300\" height=\"127\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/terrafina-c.jpg 570w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/terrafina-c.jpg?resize=300,127 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004124203\" class=\"wp-caption-text\">A Terrafina-owned property<\/p><\/div>\n<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p>A large industrial portfolio comprised of properties located throughout Mexico is set to trade hands. Mexican industrial real estate investment trust Terrafina has inked a binding agreement for the acquisition of 17 industrial properties and two land reserves. The REIT is set to pay $108 million for the assets. Terrafina is being advised by Prudential Real Estate Investors throughout the process of acquiring the portfolio.<\/p>\n<p>Acquired as part of a bid to gain more high-quality assets and increase the overall value of the REIT\u2019s portfolio, the assets are located in the Mexican cities of San Luis Potosi, Irapuato, Monterrey, Ciudad Juarez and Reynosa. The industrial properties totaling 1.9 million square feet of gross leasable area had an average vacancy rate of less than 10 percent at the time the agreement was signed. All of the in-place leasing agreements at the assets are triple-net leases. The two land reserves add around 4.3 million square feet of space to Terrafina\u2019s portfolio.<\/p>\n<p>Expected to close sometime during the year\u2019s fourth quarter, the transaction will be financed with proceeds from last year\u2019s successful offering completed by Terrafina. According to the press statement announcing the binding agreement, the stabilized cap rate for the acquisition for the next 12 months is 8.3 percent.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Mexican industrial real estate investment trust is about to get much bigger.<\/p>\n","protected":false},"author":952,"featured_media":1004124203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,16,21783,21742],"tags":[],"class_list":["post-1004124200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-international","category-investment","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>International: Terrafina Expands Sizably in Mexico - 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\/international-terrafina-expands-sizably-in-mexico\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"International: Terrafina Expands Sizably in Mexico\" \/>\n<meta property=\"og:description\" content=\"The Mexican industrial real estate investment trust is about to get much bigger.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/international-terrafina-expands-sizably-in-mexico\/\" \/>\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=\"2015-07-29T13:34:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T17:38:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/terrafina-c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"570\" \/>\n\t<meta property=\"og:image:height\" content=\"242\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\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\\\/international-terrafina-expands-sizably-in-mexico\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-terrafina-expands-sizably-in-mexico\\\/\"},\"author\":{\"name\":\"Anna Spiewak\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"headline\":\"International: Terrafina Expands Sizably in Mexico\",\"datePublished\":\"2015-07-29T13:34:56+00:00\",\"dateModified\":\"2022-12-08T17:38:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-terrafina-expands-sizably-in-mexico\\\/\"},\"wordCount\":226,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-terrafina-expands-sizably-in-mexico\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/terrafina-c.jpg\",\"articleSection\":[\"Industrial\",\"International\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-terrafina-expands-sizably-in-mexico\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-terrafina-expands-sizably-in-mexico\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-terrafina-expands-sizably-in-mexico\\\/\",\"name\":\"International: Terrafina Expands Sizably in Mexico - 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