We represented Advance Real Estate in the acquisition of twenty seven industrial real estate properties and five land parcels from a CKD strucutre identified as "PLACK 10" managed by PGIM Real Estate for a total purchase price of US$366.5 million. The transaction closed once the required authorization from the Mexican Antirtust Commission (comisión Federal de Competencia Económica). were obtained.
As part of the transaction a property management agreement was negotiated and executed with CBRE for them to provide Advance the property management services for the portfolio properties.