LG Pays a Premium to Macquarie in a Slower Apodaca

LG Electronics leased an 18,500-square-meter facility in Apodaca, where it concentrates nearly one-third of its industrial footprint in Mexico.

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Flavio Eom leads LG Electronics Mexico. Photo: SiiLA.

By: SiiLA News

06/23/2026

Apodaca is going through a period of adjustment, but some assets continue to attract tenants willing to pay a premium. LG Electronics just proved it.

In May, the company leased an industrial facility of more than 18,500 square meters owned by FIBRA Macquarie, becoming the first tenant to occupy a Class A property delivered in 2024 and agreeing to pay a rental rate $1 per square meter above the submarket average, a difference of more than 12%.

The transaction is part of LG's broader expansion strategy in Mexico. In 2025 alone, the company announced investments of nearly $400 million, including a new plant in Querétaro, the relocation of operations from Mexicali to Reynosa, and additional production capacity in that same city.

Against that backdrop, the Apodaca facility joins five others that LG and its various divisions have...

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Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.