{"id":801419,"date":"2025-01-16T05:58:12","date_gmt":"2025-01-16T10:58:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/logistic-properties-of-the-americas-achieves-full-occupancy-of-building-100-at-parque-logistico-callao\/"},"modified":"2025-01-16T05:58:12","modified_gmt":"2025-01-16T10:58:12","slug":"logistic-properties-of-the-americas-achieves-full-occupancy-of-building-100-at-parque-logistico-callao","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/logistic-properties-of-the-americas-achieves-full-occupancy-of-building-100-at-parque-logistico-callao\/","title":{"rendered":"Logistic Properties of the Americas Achieves Full Occupancy of Building 100 at Parque Log\u00edstico Callao"},"content":{"rendered":"

<\/p>\n

Logistic Properties of the Americas Achieves Full Occupancy of Building 100 at Parque Log\u00edstico Callao<\/b><\/p>\n

LPA Strengthens its Position as a Leading Logistics Hub in Peru<\/i><\/p>\n

SAN JOSE, Costa Rica–(BUSINESS WIRE<\/a>)–
\nLogistic Properties of the Americas (NYSE American: LPA) (\u201cLPA\u201d or the \u201cCompany\u201d) announced the execution of a USD-denominated lease with a leading third-party logistics provider and a subsidiary of Grupo Intercorp at their Parque Log\u00edstico Callao facility (PLC) in Lima, Peru. This five-year lease for 63,103 square feet replaces a prior lease and brings Building 100 to full occupancy, thereby reinforcing PLC\u2019s status as Lima\u2019s premier logistics hub.<\/p>\n

\nWith the new lease, PLC\u2019s 421,321 square feet of existing Gross Leasable Area (GLA) currently operating and under construction is now 100% leased, underscoring the current growing demand for first rate logistics facilities in the Callao submarket of Lima. Our new tenant will use the space to enhance last-mile distribution services for major Peruvian retailers, reflecting PLC\u2019s strategic position in the country\u2019s supply chain network.<\/p>\n

\u201cWe\u2019re starting 2025 with strong momentum, setting a positive tone for the year ahead. The robust growth in the consumption-driven economies of our foundational markets continues to drive opportunities for sustained success,\u201d said Esteban Saldarriaga, CEO of LPA. \u201cAchieving 100% capacity of Building 100 highlights the strong long-term earnings potential of LPA\u2019s fully dollarized platform in Peru and the strategic location of its facilities.<\/i><\/p>\n

\nAlvaro Chinchay\u00e1n, LPA\u2019s Country Manager in Peru, added: “This lease evidences a robust sustained demand for institutionally owned and managed superior logistics facilities in Peru, as well as LPA\u2019s ability to attract select tenants to our strategically located, world-class properties. We therefore continue to effectively address the increasing demand for premium logistics solutions in underserved markets, furthering operational excellence, while enabling regional economic growth.”<\/i><\/p>\n

\nUpon its completion, PLC will feature four state-of-the-art Class A buildings totaling 1,044,432 square feet of GLA. Located adjacent to Jorge Ch\u00e1vez International Airport and reaching Lima\u2019s population of more than 11 million, PLC is designed to meet EDGE certification standards, with select buildings also targeting LEED Gold certification. These sustainability features, coupled with cutting-edge infrastructure, make PLC the ideal choice for a diverse range of logistics operations.<\/p>\n

\nBeyond enhancing local infrastructure, PLC is expected to create up to 300 jobs during the remainder of its construction and an additional 1,000 jobs once fully operational, providing a significant boost to Lima\u2019s economy and benefiting its local communities.<\/p>\n

About Logistic Properties of the Americas<\/b><\/p>\n

\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\u2019s 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\u2019s 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<\/a><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250116731573\/en\/<\/a><\/span><\/p>\n

Investor Relations
\n<\/b>
Camilo Ulloa
\n
Logistic Properties of the Americas
\n
+506 6293 9083
\n
camilo@lpamericas.com<\/a><\/p>\n

\nBarbara Cano\/Ivan Peill
\n
InspIR Group
\n
barbara@inspirgroup.com<\/a> \/ ivan@inspirgroup.com<\/a><\/p>\n

KEYWORDS:<\/b> Latin America Peru Costa Rica South America Central America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Supply Chain Management Retail Technology Commercial Building & Real Estate Construction & Property Electronic Commerce<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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\"Logo\"<\/td>\n<\/tr>\n
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Logistic Properties of the Americas Achieves Full Occupancy of Building 100 at Parque Log\u00edstico Callao LPA Strengthens its Position as a Leading Logistics Hub in Peru SAN JOSE, Costa Rica–(BUSINESS WIRE)– Logistic Properties of the Americas (NYSE American: LPA) (\u201cLPA\u201d or the \u201cCompany\u201d) announced the execution of a USD-denominated lease with a leading third-party logistics provider and a subsidiary of Grupo Intercorp at their Parque Log\u00edstico Callao facility (PLC) in Lima, Peru. This five-year lease for 63,103 square feet replaces a prior lease and brings Building 100 to full occupancy, thereby reinforcing PLC\u2019s status as Lima\u2019s premier logistics hub. With the new lease, PLC\u2019s 421,321 square feet of existing Gross Leasable Area (GLA) currently operating and under construction is now … <\/p>\n

Continue reading “Logistic Properties of the Americas Achieves Full Occupancy of Building 100 at Parque Log\u00edstico Callao”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-801419","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLogistic Properties of the Americas Achieves Full Occupancy of Building 100 at Parque Log\u00edstico Callao - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/logistic-properties-of-the-americas-achieves-full-occupancy-of-building-100-at-parque-logistico-callao\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Logistic Properties of the Americas Achieves Full Occupancy of Building 100 at Parque Log\u00edstico Callao - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Logistic Properties of the Americas Achieves Full Occupancy of Building 100 at Parque Log\u00edstico Callao LPA Strengthens its Position as a Leading Logistics Hub in Peru SAN JOSE, Costa Rica–(BUSINESS WIRE)– Logistic Properties of the Americas (NYSE American: LPA) (\u201cLPA\u201d or the \u201cCompany\u201d) announced the execution of a USD-denominated lease with a leading third-party logistics provider and a subsidiary of Grupo Intercorp at their Parque Log\u00edstico Callao facility (PLC) in Lima, Peru. This five-year lease for 63,103 square feet replaces a prior lease and brings Building 100 to full occupancy, thereby reinforcing PLC\u2019s status as Lima\u2019s premier logistics hub. 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