Asset Management: Cancun Logistics Park

The rationale for this speculative investment was to deliver Class-A product to a market that only offered Class-B and C space. The target user was the Cancun and Riviera Maya hotel sector and its suppliers. The investment was made in a JV format and developed in two phases (2010 and 2012). When Gabriel became involved in 2015, Lion Mexico Fund had bought out the developer's interest and the fund had to take an active role in running the property.  As the lead asset manager, Gabriel upgraded property-level reporting and operations practices, advised on leasing strategy directing the leasing team in the closing of the first two leasing deals in two years, and oversaw the preparation and execution of the capital budget.  Gabriel selected the sales broker, had direct oversight in the preparation of the offering materials, including the valuation in preparation for a sale, negotiated the purchase and sale agreement and managed the closing process. The sale was achieved at a premium to appraised value.

PUERTO MORELOS, QUINTANA ROO, MEXICO

Aerial view of the 500,000 SF of GLA Class A Distribution Facility. The property featured frontage on the federal highway and was located 5 minutes from the Cancun International Airport.

INTERIOR

The structure featured hurricane-resistant steel frame construction and 30 feet interior clear height.

EXTERIOR

The exterior utilized tilt up concrete construction. The cross dock facility featured 180 foot deep loading docks with dock levelers.