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Logistic Properties of the Americas Will Increase its Footprint in the Peruvian Market with the Development of a New 215,300 Square-Foot Facility at Parque Logístico Callao
SAN JOSE, Costa Rica, April 30, 2025--Logistic Properties of the Americas (NYSE American: LPA) ("LPA" or the "Company") announced today its plan to expand the Parque Logístico Callao property with the construction of Building 200, a new 215,300 sq. ft. facility and thereby increasing its footprint in the Peruvian market. This facility is already 73.1% pre-leased to LPA’s existing clients, including Peru’s largest consumer products company, which has committed to lease 96,000 sq. ft., and to the
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/85f2b847950ca9953b12a247131c0ec9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/SaMSsjO9An8xE7_1KIYMDQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ2MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/85f2b847950ca9953b12a247131c0ec9","width":480,"height":230}},"lazy":false},{"type":"text","content":"SAN JOSE, Costa Rica, April 30, 2025--(BUSINESS WIRE)--Logistic Properties of the Americas (NYSE American: LPA) ("LPA" or the "Company") announced today its plan to expand the Parque Logístico Callao property with the construction of Building 200, a new 215,300 sq. ft. facility and thereby increasing its footprint in the Peruvian market. This facility is already 73.1% pre-leased to LPA’s existing clients, including Peru’s largest consumer products company, which has committed to lease 96,000 sq. ft., and to the country’s largest pharmacy chain, which has pre-leased 67,000 sq. ft. Both pre-leases are denominated in U.S. dollars.","length":655,"tagName":"p"},{"type":"text","content":"This additional leasing activity comes on the heels of LPA’s January 16th announcement that Building 100 at Parque Logístico Callao had reached 100% capacity through a US dollar denominated lease with a leading third-party logistics provider.","length":242,"tagName":"p"},{"type":"text","content":"Strategically located in Callao, Peru’s main logistics hub, the new facility will provide seamless connectivity to the Port of Callao and Jorge Chávez International Airport, positioning it well to meet the growing demand for superior industrial space in the region.","length":265,"tagName":"p"},{"type":"text","content":""LPA’s most recent expansion effort is aligned with our strategy to develop top-tier logistics facilities in the most strategically relevant and high-growth markets in Latin America," said Esteban Saldarriaga, CEO of LPA. "The new facility’s strong pre-leasing activity highlights the trust that prominent regional and global companies have in our capability to deliver first-rate industrial facilities, which support their operational growth and profitability."","length":482,"tagName":"p"},{"type":"text","conten...