Vesta signed three new lease agreements totaling 550,000 square feet, expanding its industrial portfolio in key Mexican corridors.
Two buildings totaling 473,601 square feet in the Vesta Park Mega Region in Tijuana were leased to an electronics tenant, bringing the park to a fully leased and stabilized status and underscoring strong demand in the region.
An 81,600 square‑foot build‑to‑suit facility in Queretaro was leased to a leading aerospace company, reinforcing Vesta’s presence in a growing aerospace hub.
The agreements align with Vesta’s Route 2030 strategy, adding high‑quality, long‑term U.S. dollar‑denominated leases that are expected to generate stable rental income and support the company’s high operating margins.
Management highlighted the significance of the deals, noting that the continued confidence of tenants in Mexico’s nearshoring environment strengthens Vesta’s platform and supports employment and development in the communities served.
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