Vesta confirms investment for 101 million dollars in the construction of an industrial park

The developer Vesta Real Estate announced that it will invest 101 million dollars to start the construction of Vesta Park Mega Region in Tijuana, Baja California.

The construction of the new industrial complex began last year and the works are expected to be completed in 2023, a period in which it will have an area of ​​one million square feet . According to the real estate corporation, it will be one of the largest sources of employment in the area.

Six buildings adapted to the needs of its tenants will be built in the space . It will also be LEED certified , which is expected to lead to savings and efficiencies in water and electricity consumption.

Lorenzo Berho Carranza, CEO of Vesta, said that Baja California is one of the organization's five key growth regions. However, it is only the second place where we expect to grow the most over the next five years in the country.

“The idea is to include customers focused on the manufacturing, logistics, medical or aerospace sectors. We also want to attend to those who are arriving,” he said.

The new industrial park will be located just 25 kilometers from the border, which is ideal for e-commerce, distribution and logistics operations, thus benefiting from access to skilled labor. 

Vesta invests and develops industrial properties in Mexico. It has 189 properties located within industrial parks in 15 states such as San Luis Potosí, Querétaro, Monterrey, Ciudad Juárez and Aguascalientes.