Fibra Macquarie Mexico said it was acquiring two commercial properties with 134,246 sq. meters (1.4 million sq. feet) of leasable space for 2 billion pesos ($153 million).
The properties in the Mexico City metropolitan area were sold by Fondo Comercial Mexicano, the real estate investment trust, a unit of Australia's Macquarie Group, said in a statement.
The Tecamac and Coacalco properties are located within a 30-kilometer (18.6-mile) radius of downtown Mexico City.
"We are happy to announce an agreement to acquire these two high-quality commercial properties located in the Mexico City metropolitan area market," Fibra Macquarie Mexico CEO Jaime Lara said.
Fibra Macquarie Mexico will continue working to create nationwide commercial property portfolio, Lara said.
The Tecamac and Coacalco properties are expected to generate net operating income of 166.8 million pesos (about $12 million), the REIT said.
The deal is being financed with cash on hand, but the REIT "has the intention of partially financing it with new debt" and a loan to cover other expenses, Fibra Macquarie Mexico said.
"It is estimated that the transaction will be completed early in the fourth quarter of 2013," the company said.
Fibra Macquarie Mexico will have 267 industrial, retail and office properties once the deal is closed. EFE