FIBRA Macquarie Mexico recently closed an expansion and lease extension for an industrial building in Nogales, Sonora, occupied by Belden, a manufacturer of signal transmission solutions in communication technology.
The lease will enable Belden to expand its operations and increase its footprint in Nogales by more than 50%, from a 392,216 square feet building to 607,106 square feet. FIBRA Macquarie’s internal administration platform team sourced the expansion and will supervise the project. The construction of the building expansion is expected to be completed by the fourth quarter of 2016. FIBRA Macquarie’s industrial portfolio occupancy rate in Nogales is 100%.