Logistic Properties of the Americas entered a master forward purchase agreement to invest approximately US$200 million in a phased acquisition of stabilized Class A industrial assets at Central Park 57. The transaction will close sequentially upon construction completion, lease stabilization and regulatory approvals, with each asset leased in US dollars and delivered to institutional standards.

Central Park 57 is situated along Federal Highway 57 in Tepeji del Río, Hidalgo, offering controlled access, on-site infrastructure and scalability. The first 153,400-sq-ft building is pending stabilization, and the development will eventually comprise about 2.1 million sq ft of modern logistics and manufacturing facilities designed for e-commerce, nearshoring and third-party logistics providers.

The partnership with Fortem Capital accelerates and de-risks LPA’s expansion in Mexico by leveraging a local institutional developer’s platform. This transaction aligns with growing nearshoring trends, strengthens LPA’s cross-border platform and exemplifies its disciplined, partner-centric growth strategy in high-barrier markets.