AMB Property Corp. (AMB), a leading real estate investment trust (REIT), has recently leased approximately 105,000 square feet of its development portfolio in Tijuana, Mexico. The lessee, Arauco Distribucion Mexico — the Mexican subsidiary of Arauco, a wood pulp and forestry enterprise in Chile — would occupy the space in AMB Pacifico Distribution Center 3 development project.
The current deal is the third such leasing agreement between the two companies. AMB had earlier leased 120,000 square feet of space in Guadalajara in the western Pacific area of Mexico, and 118,000 square feet of space in Monterrey to Arauco. The company has strategically aligned itself with a single partner in multiple locations in order to increase its flexibility and enhance operational efficiency.
AMB is a leading industrial real estate company, with a strong portfolio of warehouses and distribution facilities in some of the busiest distribution markets of the globe. The company’s properties are located in supply-constrained infill markets at close proximity to airports, seaports, and ground transportation facilities, which enable swift distribution of customers’ products.
AMB operates as a vertically integrated company and enjoy large economies of scale through an extensive knowledge of domestic and international industrial real estate markets. By the end of the fourth quarter of 2009, the company had 155.1 million square feet of operating and development facilities across the globe, out of which 9.8 million square feet were located in Mexico.
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