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220,000 m² Contract in Guarulhos Sets Record in the Brazilian Logistics Sector and Strengthens E-Commerce Expansion in the Country
The Brazilian logistics market recorded a historic milestone in 2026. The developer Marq Logistics, formerly GLP, signed the largest leasing of logistics warehouses ever recorded in Brazil, involving about 220,000 square meters of space, equivalent to approximately 27 soccer fields.
The development is located along the Presidente Dutra Highway in Guarulhos (SP) and is expected to be delivered by the end of 2026. According to information from the logistics real estate market, the tenant will be Shopee, although Marq does not officially confirm the name of the company due to contractual confidentiality.
When contacted, Shopee also chose not to comment on the agreement, maintaining the secrecy of the negotiation that has become one of the largest logistics transactions ever recorded in the country.
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Historic Contract Reinforces E-Commerce Logistics Expansion
The size of the operation reveals, at the same time, the strength of the Brazilian logistics market, which remains strong even after consecutive years of growth. This movement is primarily driven by the expansion of e-commerce, which has increased the need for large distribution centers close to major urban centers.
According to executives at Ares Management, the manager responsible for Marq Logistics, a contract of this magnitude has never been recorded in the national logistics sector. This scenario reinforces the perception that the segment still has ample room for expansion.
At the same time, industry experts assess that the demand for logistics infrastructure will continue to grow in the coming years, driven by competition among major digital platforms.
Companies Seek Larger Warehouses to Gain Scale
At the same time, the operation indicates a significant change in the profile of logistics real estate transactions in Brazil. According to executives at Ares Management, interest is growing in large-scale logistics developments, capable of offering greater capacity for storage and distribution.
As a result, companies are able to gain operational scale and improve logistics efficiency, reducing costs and expanding the capacity to meet final consumers. This strategy also allows for increased productivity in operations.
Consequently, the sector is beginning to register an increase in the average size of warehouses rented by e-commerce companies, in line with the growth of online sales.
Shopee’s Logistics Expansion in Brazil
At the same time, Shopee has been expanding its logistics structure in Brazil since 2020, when it began operations in the country. The company has been investing in opening new distribution centers to strengthen its strategy of quick deliveries in e-commerce.
In February 2026, for example, the company inaugurated a new logistics center in Goiânia, expanding its national presence. With this unit, the company now operates 16 distribution centers in Brazil.
Since then, Shopee has become one of the largest tenants of logistics warehouses in the country. According to industry experts, the company has already surpassed Amazon in this type of operation, although Mercado Livre still leads the logistics infrastructure in Brazil.
Proximity to Capitals Becomes Competitive Advantage
In e-commerce, the location of distribution centers has become a decisive factor for the competitiveness of digital platforms. Companies that have more warehouses can reduce logistics costs and speed up product delivery to consumers.
For this reason, the competition for logistics properties has intensified, especially in regions close to Brazilian capitals, where the demand for quick deliveries is higher.
This movement explains the growing interest in industrial developments in the metropolitan area of São Paulo, considered one of the main logistics hubs in Latin America.
Warehouse Scarcity Drives Sector Valuation
Another relevant factor is that the contract for the development in Guarulhos was signed even before the completion of construction. This movement highlights the current scarcity of logistics warehouses available in the market.
Data from the industrial real estate sector indicates that only about 8% of the existing warehouses in the state of São Paulo are available for rent. This scenario has contributed to the appreciation of logistics rents above inflation.
According to executives at Marq, the contract was closed close to the average price for the region, estimated at about R$ 45 per square meter, with minor adjustments related to the investments that will be made in the space.
Marq Expands Logistics Presence in Brazil
Currently, Marq Logistics is considered the largest developer of logistics warehouses in Brazil. The company has 45 logistics developments, totaling approximately 1.9 million square meters of built area.
In addition, the group has land that allows the development of more 900,000 square meters of new logistics projects. Of this total, about 370,000 square meters are already under construction.
Among these projects are the recently leased development in Guarulhos and a new unit in Taboão da Serra (SP), while other projects remain in the licensing phase.
Global Strategy of Ares Management
Marq Logistics is controlled by the international manager Ares Management, based in Los Angeles, United States. According to information released by the company itself, the manager oversees about US$ 623 billion in global assets.
Ares’ activities involve investments in credit, real estate, and corporate equity, with a presence in the Americas, Europe, and Asia.
In 2025, Ares acquired GLP’s logistics assets worldwide, except for operations in China, starting to use the brand Marq Logistics for its international operations.
Given the rapid growth of e-commerce and the increasing competition for quick deliveries, to what extent will the race for large logistics centers near the capitals continue to transform the Brazilian logistics market in the coming years?
Caio
Excellent article on a newsworthy event for distribution companies in Brazil and around the world. Please correct the tittle. it is 220 thousand square meters …. over 2.3 million square feet – outstanding