The US Government sells its real estate in Mexico

The Government of the United States of America, through the United States Embassy in Mexico sold its property in Mexico City located at Londres No. 16, Zona Rosa, in the Federal District. The property was home for more than 25 years to the Benjamin Franklin Library. The transaction closed on August 8, 2003.

The US Embassy was represented by Martinez, Rodríguez y Asociados, S.C., through partner Juan Daniel Rodriguez C. and associate Ana Laura Gurria A. The buyer was Inmobiliaria Gevin, S.A. a major real estate owner and developer in Mexico City, which was represented by Pilar Zuñiga, in-house counsel.

Commenting the transation to Latin Counsel, partner Juan Daniel Rodríguez said, ?The transaction was particularly interesting based on the fact that besides the ordinary provisions applicable to a commercial real estate transaction, this one had the additional ingredient of being regulated by the Vienna Convention on Diplomatic Relations, to which the United States of America and Mexico are parties.?

Cushman & Wakefield, through its partner Mario Navarro played a major role in the negotiation and successful closing of this transaction.