Finance Net Leasing
AMB Leases Build-to-Suit to Ryder in Mexico City
April 24, 2008

AMB Property Corp. has signed a two-building build-to-suit development agreement with Ryder de Mexico--a division of Ryder System Inc., it has announced. The deal is for a total of 391,000 square feet in Mexico City. AMB commenced development of the facilities, named AMB Carrizal Industrial Park Buildings 1 and 3, on land capable of supporting a total of approximately 780,000 square feet of development. The site is located on the NAFTA Highway in the northern industrial zone of Mexico City.

 
Recent Net Leasing Headlines
Equity International Brazilian Logistics Investment
Equity International, the privately-held investment company focused on real estate-related businesses operating outside of the United States, has announced the closing of a $100 million commitment in AGV Logística, a privately-held logistics company based in Sao Paulo, Brazil.
ProLogis Expands Industrial Portfolio in Mexico
ProLogis plans to develop approximately 500,000 square feet of industrial warehouse space in Ciudad Juarez, Mexico. The firm is now beginning phase one of the development at ProLogis Park Centro Industrial Juarez in Ciudad Juarez.
W.P. Carey Closes $58M Sale-Leaseback in Germany
New York City-headquartered W.P. Carey, acting through its publicly held non-traded REITs CPA(R):15 and CPA(R):17 - Global, has completed a sale-leaseback transaction in Germany with U.K.-based automotive supplier Wagon Plc.
AT&T Dallas HQ Icahn Nabs AT&T's Dallas HQ in Sale-Leaseback
Transferring its headquarters from San Antonio to Dallas, telecom giant AT&T Inc. has moved into a 37-story high-rise and sold the building in a sale-leaseback deal to Icahn Enterprises for an undisclosed amount.
NetLease Q&A: CB Richard Ellis' Sandquist Says Quality Deals, Sale-Leaseback Best Bets Now
In business parlance, doom usually comes paired with gloom, and the current state of the real estate market – even commercial sectors whose fundamentals aren’t that bad – inspires people to haul out that set of words. But not everyone sees things that way, least of all in the net lease business. Andrew Sandquist, senior vice president in the Oak Brook, Ill., office of CB Richard Ellis Inc., and a net lease investment specialist with the company’s investment properties group, points out that the pace of net lease investment sales may be slower than it once was, but that deals are getting done despite problems with the debt markets and the wider economy. In fact, problems with debt are spurring some pockets of activity in the business – particularly sale-leaseback transactions.