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Logistic Properties of the Americas Signs 121,600 Square Foot Lease with Regional 3PL in Costa Rica
SAN JOSE, Costa Rica, June 09, 2025--Logistic Properties of the Americas (NYSE American: LPA) ("LPA" or the "Company") announced the execution of a new five-year U.S. dollar- denominated lease for 121,600 square feet of logistic space with a regional third-party logistics provider (3PL) at LPA Coyol 4 Logistic Park in San Jose, Costa Rica. This new agreement reflects approximately a 20% increase in the net effective rental rate, including common area maintenance fees, compared to the previous le
About this update from Logistic Properties Of The Americas
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":230,"url":"https://media.zenfs.com/en/business-wire.com/46c13bf664c9e7ac31787793daa6970c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/mpyU4w6inTIa6vNM6VD6Ig--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ2MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/46c13bf664c9e7ac31787793daa6970c","width":480,"height":230}},"lazy":false},{"type":"text","content":"SAN JOSE, Costa Rica, June 09, 2025--(BUSINESS WIRE)--Logistic Properties of the Americas (NYSE American: LPA) ("LPA" or the "Company") announced the execution of a new five-year U.S. dollar- denominated lease for 121,600 square feet of logistic space with a regional third-party logistics provider (3PL) at LPA Coyol 4 Logistic Park in San Jose, Costa Rica. This new agreement reflects approximately a 20% increase in the net effective rental rate, including common area maintenance fees, compared to the previous lease for the same space, which underscores the high demand and increasing value of institutional-grade logistics properties in Costa Rica.","length":674,"tagName":"p"},{"type":"text","content":"LPA believes that this new lease agreement demonstrates its ongoing success in attracting premium logistics and supply chain tenants across its portfolio. "We are pleased to see a reputable operator expanding into LPA Coyol 4 Logistic Park," said Esteban Saldarriaga, CEO of LPA. "The rental increase reflects strong market fundamentals and demonstrates our team’s ability to generate value through strategic execution."","length":440,"tagName":"p"},{"type":"text","content":"Located in the heart of the country’s leading logistics corridor, LPA Coyol 4 Logistic Park provides exceptional connectivity to key transportation routes, state-of-the-art Class-A warehouse facilities designed to accommodate high-volume distribution requirements. "Coyol continues to attract top-tier logistics providers," said Luis Conejo, Country Manager for Costa Rica at LPA. "This agreement highlights the strategic importance of our assets’ location and our role in strengthening regional supply chain capabilities."","length":543,"tagName":"p"},{"type":"text","content":"This lease further extends LPA’s expand...