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Industrial · Real Estate

Cadrex’s 350,000-Square-Foot Lease Completes Apodaca Park Leasing

The 10-year contract puts all 450,000 square feet of TU Park Apodaca I under lease less than a year after it opened, Thor Urbana says.

Illustration for: Cadrex’s 350,000-Square-Foot Lease Completes Apodaca Park Leasing

Thor Urbana said it leased the remaining space at TU Park Apodaca I with a 350,000-square-foot, 10-year contract to Cadrex, El Economista and El Financiero reported.

The deal puts all 450,000 square feet of rentable area under lease less than a year after the park’s inauguration. Cadrex, a U.S. specialized manufacturer, serves data-center infrastructure, aerospace, and medical-device sectors, according to the coverage.

Thor Urbana puts its combined investment in TU Park Apodaca I and II at nearly MXN 3.5 billion. The figures are company-reported; the articles do not name the second international tenant at Apodaca I.

  • Tenant: Cadrex, a U.S. specialized manufacturer.
  • Lease: 350,000 square feet for 10 years.
  • TU Park Apodaca I rentable area: 450,000 square feet.
  • Status: fully leased in less than one year after inauguration.
  • Thor Urbana’s stated combined investment in Apodaca I and II: nearly MXN 3.5 billion.
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Sources · 2 sources

The primary reporting behind this brief. Open in a new tab.

  1. El Economistaeleconomista.com.mx
  2. El Financieroelfinanciero.com.mx