March 04, 2015
Weil advised IDI Gazeley in the sale of its entire Mexican industrial portfolio to FINSA (Mexico), a real estate management and development company, and Walton Street Capital LLC, a real estate investment firm, for approximately $302 million. The transaction included the sale of 35 properties in major Mexican markets, as well as 395 acres of land for future development. The properties represent holdings acquired by Brookfield Logistics Properties through the 2013 purchase of Verde Industrial.
IDI Gazeley, a part of Brookfield Logistics Properties, is a global investor and developer of logistics warehouses and distribution parks with 60 million square feet of premier assets under management and additional prime land sites to develop distribution facilities in North America, Europe and China.
Brookfield Property Partners is an owner, operator, and investor in best-in-class commercial real estate. Their portfolio includes interests in over 300 office and retail properties with assets located largely located in North America, Europe, and Australia with a growing presence in China, Brazil and India.
The Weil team advising IDI Gazeley was led by Real Estate partner Philip Rosen. In addition, the team included Real Estate partner Samuel Zylberberg; Corporate partner Shayla Harlev; Tax partner Mark Schwed; Environmental partner Annemargaret Connolly; Real Estate associates Melissa Meyrowitz and John Butenas; Corporate associates Matt Cohn, Edward Guo and Katherine Meister; Tax associate William Dong; and Environmental counsel Thomas Goslin.