DALLAS — The law firm of Thompson & Knight LLP has secured a series of financing agreements to support the development of a 2,505,838 square foot shopping center in Tijuana, Baja California.
Alejandro F. Sánchez Mújica and Alejandro A. Sánchez M. A. of the Firm’s Monterrey office acted as lead counsels in the negotiation of an investment agreement with Liverpool, which operates the largest chain of department stores in Mexico, and in securing mezzanine financing with a multi-asset class real estate private equity fund in Mexico. The total investment for the shopping center, designed by Jerde Partnership, is expected to reach $2.4 billion pesos.
Additionally, the Thompson & Knight team assisted the developer in the execution of a loan agreement with Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte (BANORTE) for an aggregate amount of up to $1.3 billion pesos.
“This accomplishment demonstrates the expertise within Thompson & Knight and our Mexico offices to support clients in significant commercial investments in the region’s economy,” said Gabriel Ruiz, leader of Thompson & Knight’s Monterrey office. “We anticipate this will become a highly successful and high-profile asset to the community.”
Thompson & Knight attorneys have represented clients in business transactions in Mexico for more than 25 years. Through offices in Monterrey and Mexico City, the Firm’s attorneys counsel U.S., Mexican, and international clients regarding business ventures in Mexico and elsewhere in Latin America.