LPA Commits US$200 Million to Hidalgo Logistics Park

LPA is expanding its presence in Mexico through an approximately US$200 million agreement to acquire Class A industrial assets at Central Park 57 in Hidalgo, a large-scale logistics and manufacturing hub along the Mexico-Queretaro Highway. The deal, structured through sequential closings with Fortem Capital, reflects growing investor interest in industrial corridors linked to nearshoring, e-commerce and third-party logistics demand.

Logistic Properties of the Americas (LPA) is deepening its push into Mexico with a new approximately US$200 million forward purchase agreement for Class A industrial assets in Hidalgo, underscoring continued investor confidence in logistics corridors tied to nearshoring, e-commerce and regional distribution demand. 

The company says it will progressively acquire stabilized assets at Central Park 57, an industrial and logistics park in Tepeji del Río, along the Mexico–Querétaro Highway, one of the country’s most strategic freight corridors.  

The transaction was structured through a Master Agreement with Mexico City-based Fortem Capital, the institutional owner and master developer of Central Park 57. Rather than a single closing, LPA will complete the acquisition through sequential closings tied to construction completion, lease stabilization and regulatory approvals. The structure allows the company to deploy capital progressively while reducing execution risk as assets come online.  

For LPA, the agreement marks another step in the company’s Mexico expansion strategy after  in 2024 it entered the market through a partnership with Falcon and later acquired a logistics asset in Puebla through a strategic alliance with Alas, as previously reported by MBN. Those earlier transactions gave the company an initial foothold in Mexico’s industrial market, while the new Hidalgo deal significantly raises the scale of its local platform. 

MBN previously reported that LPA’s Puebla investment marked its first acquisition in Mexico and included two logistics buildings near Volkswagen’s manufacturing hub, while its earlier Falcon partnership was framed as the company’s formal entry into the Mexican market.  

Strategic Infrastructure and Connectivity at Central Park 57

Central Park 57 is positioned as a large-scale, institutional-grade logistics and manufacturing hub. According to LPA, the development is expected to reach about 195,096m² of gross leasable area once completed. The first operating building, measuring approximately 14,252m² is currently pending stabilization. The park includes Class A specifications, on-site infrastructure and utilities, controlled access and security, and a phased development model designed to scale with tenant demand.  

A key differentiator highlighted by the LPA is access. The company said Central Park 57 is the only logistics park on Route 57 with simultaneous northbound and southbound access within a 321.86km radius. Located about 20km from the Tepotzotlan toll, the site offers connectivity to Mexico City, the State of Mexico, Queretaro and the Bajio, placing it in a position to serve manufacturers, third-party logistics operators and e-commerce tenants looking for alternatives within the broader Mexico City industrial market.

Location matters because Federal Highway 57 remains one of Mexico’s most important industrial and freight arteries, linking the Valley of Mexico with Queretaro, San Luis Potosi, Monterrey and the US border through an ecosystem of manufacturing, warehousing and distribution nodes. In that context, Tepeji del Río has gained visibility as a cost-effective option for occupiers seeking reach into central Mexico without the tighter supply conditions and higher occupancy costs associated with some submarkets closer to Mexico City. LPA explicitly described the project as a beneficiary of sustained demand tied to nearshoring, e-commerce growth and third-party logistics expansion.  

Esteban Saldarriaga, CEO, LPA states the transaction reflects the company’s “disciplined, partner-centric growth strategy,” adding that the alliance with Fortem both accelerates and de-risks the company’s expansion in Mexico. He also says Central Park 57 combines scale, strategic location, reliable power and access infrastructure in a way that aligns with tenant requirements and reinforces Mexico’s importance within LPA’s cross-border platform. 

Ignacio García de Quevedo, Managing Director, Fortem Capital, says the agreement reflects Fortem’s strategy of developing institutional-quality platforms in strategic corridors supported by structural demand and long-term capital partnerships. 

For its part, Eduardo Nakash, Country Manager for Mexico, LPA, says the park offers a cost-effective alternative within the greater Mexico City industrial real estate market and provides the connectivity, infrastructure and skilled labor sought by global and regional tenants. That positioning is likely to resonate as occupiers continue to prioritize supply chain resilience, shorter delivery times and access to labor pools near major consumption and industrial centers.

As of Sept. 30, 2025, LPA said its operating and development portfolio comprised 35 logistics facilities across Costa Rica, Colombia, Peru and Mexico, totaling about 560,000m2, or roughly 557,418m², of gross leasable area.