Haynes and Boone Guides Vesta in $50 Million Strategic Real Estate Alliance

May 05, 2004

Allison Stuckey
Sunwest Communications

MEXICO CITY – Haynes and Boone, LLP, an international corporate law firm, recently announced the consummation of a transaction by their client, Corporacion Inmobiliaria Vesta, S. de R.L. de C.V. (“Vesta”) with LaSalle Investment Management, Inc. on behalf of its client California Public Employees Retirement System (CalPERS).  The transaction was to assist in the US $50 million investment in Vesta’s industrial real estate projects in Mexico.

“Haynes and Boone, through its Mexico City office, has been the corporate counsel for Vesta for more than five years,” said Alejandro Pucheu, attorney with Haynes and Boone, Mexico City.  “The firm acted as legal counsel for Vesta in this negotiation and the closing of this deal.”

Vesta’s current portfolio includes 18 buildings totaling 1.6 million square feet across six metropolitan areas in central Mexico: Mexico City, Queretaro, Tlaxcala, Toluca, San Luis Potosi and Cuautitlan in the State of Mexico.  The properties are located in industrial parks with good access to the region’s main highways.  Vesta’s multinational tenants include BMW, Delco Remy, Hitachi, Georgia Pacific, Mars, Inc., JSP International and Grammer.  It began operations six years ago with a majority of Mexican shareholders and a group of US investors based in San Diego, California. 

Haynes and Boone, LLP is an international law firm with nine offices throughout Texas, Washington, D.C., Mexico City and New York, providing a full spectrum of legal services to clients around the world. With more than 450 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by National Law Journal.  The firm was recognized in the 2004-2005 edition of Chambers USA: America’s Leading Business Lawyers as being No. 1 in Texas for Real Estate work.  The firm has also been recognized as one of the “20 Best Law Firms to Work For” (Vault.com, 2004), one of the “Best Corporate Law Firms in America” (Corporate Board Member Magazine, 2001-2003) and recipient of the Minority Corporate Counsel Association’s 2002 Thomas L. Sager Award for commitment to diversity.

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