Logistic Properties of the Americas Signs Lease Agreement for Parque Logístico Callao

Business Wire11-22

SAN JOSE, Costa Rica, November 21, 2024--(BUSINESS WIRE)--Logistic Properties of the Americas (NYSE American: LPA) ("LPA" or the "Company"), today announced the signing of a USD-denominated lease for ...

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LPA’s customers are multinational and regional e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies among others. LPA expects its strong customer relationships and insight to enable future growth through the development and acquisition of high-quality, strategically located facilities in its target markets. As of September 30, 2024, LPA’s operating and development por","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LPA":"Logistic Properties","BK4233":"房地产运营公司"},"translate_title":"美洲物流地产签署卡亚俄物流园租赁协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LPA":1},"content_text":"SAN JOSE, Costa Rica, November 21, 2024--(BUSINESS WIRE)--Logistic Properties of the Americas (NYSE American: LPA) (\"LPA\" or the \"Company\"), today announced the signing of a USD-denominated lease for 41,226 square feet of gross leasable area (\"GLA\") at Parque Logístico Callao with a leading third-party logistics provider that serves the pharmaceutical, medical device, and consumer goods sectors in Peru.\nThis agreement increases the leasing of Parque Logístico Callao to 85.9% of the 418,543 square feet of GLA currently under construction, further solidifying Parque Logístico Callao's position as a premier logistics hub in Lima, Peru, where premium, strategically located industrial and logistics facilities are in limited supply.\nWhen completed, Parque Logístico Callao, a new master-planned Class A logistics park located adjacent to Jorge Chávez International Airport in Lima’s Callao submarket, will consist of four modern, sustainable buildings, totaling nearly 1,044,432 square feet of GLA. The park is designed to meet EDGE certification standards, with select buildings targeting LEED Gold certification, helping ensure cutting-edge infrastructure for diverse logistics operations.\nThe project is expected to create up to 300 jobs during construction and an estimated 1,000 jobs once the park is fully operational, benefiting both Lima’s economy and the local community.\n\"This agreement reflects strong demand for premium logistics space in Callao, Peru’s most dynamic logistics submarket,\" said Esteban Saldarriaga, CEO of LPA. \"Achieving this leasing speed is a testament to our park’s appeal as a strategic hub for businesses seeking to increase operational efficiency.\"\nAlvaro Chinchayan, LPA’s Country Manager in Peru, added, \"This lease at Parque Logístico Callao will strengthen our customer’s capabilities in Lima. Our park continues to attract premium tenants, offering them world-class infrastructure and an exceptional location.\"\nWith its modern facilities, strategic location, and commitment to sustainability, Parque Logístico Callao is positioned as a key enabler of supply chain solutions for leading companies in Peru and the region.\nAbout Logistic Properties of the Americas\nLogistic Properties of the Americas is a leading developer, owner, and manager of institutional quality industrial and logistics real estate in high-growth and high-barrier-to-entry markets in Central and South America. LPA’s customers are multinational and regional e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies among others. LPA expects its strong customer relationships and insight to enable future growth through the development and acquisition of high-quality, strategically located facilities in its target markets. As of September 30, 2024, LPA’s operating and development portfolio was comprised of 31 logistics facilities in Costa Rica, Peru and Colombia totaling more than 491,000 square meters (or approximately 5.3 million square feet) of gross leasable area. For more information visit https://ir.lpamericas.com\nView source version on businesswire.com: https://www.businesswire.com/news/home/20241121380221/en/\nContacts\nInvestor Relations ContactsCamilo UlloaLogistic Properties of the Americas+506 6293 9083camilo@lpamericas.com Barbara Cano/Ivan PeillInspIR Groupbarbara@inspirgroup.com / ivan@inspirgroup.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485781421"}