{"id":820454,"date":"2025-03-03T08:20:44","date_gmt":"2025-03-03T13:20:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/logistic-properties-of-the-americas-reaches-100-occupancy-in-its-operating-portfolio-across-its-platform\/"},"modified":"2025-03-03T08:20:44","modified_gmt":"2025-03-03T13:20:44","slug":"logistic-properties-of-the-americas-reaches-100-occupancy-in-its-operating-portfolio-across-its-platform","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/logistic-properties-of-the-americas-reaches-100-occupancy-in-its-operating-portfolio-across-its-platform\/","title":{"rendered":"Logistic Properties of the Americas Reaches 100% Occupancy in its Operating Portfolio Across Its Platform"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Logistic Properties of the Americas Reaches 100% Occupancy in its Operating Portfolio Across Its Platform<\/b><\/p>\n<p>SAN JOSE, Costa Rica&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>Logistic Properties of the Americas (NYSE American: LPA) (\u201cLPA\u201d or the \u201cCompany\u201d)<\/b> announced that its entire operating portfolio achieved 100% occupancy, following the signing of a new lease agreement with a long-standing regional tenant and one of the world&#8217;s leading logistics providers. The new lease covers 71,580 square feet of Gross Leasable Area at Building 400 in Parque Logistico Lima Sur (PLS) in Peru.<\/p>\n<p>\nOur established customer is a prominent logistics provider operating in over 100 countries, and specializing in consumer goods, e-commerce and pharmaceuticals and other key industries. The newly leased space at PLS will support our tenants\u2019 growing operations, which include logistics services for a global leader in the beauty and personal care sector.<\/p>\n<p>\n\u201cAchieving full occupancy across our operating portfolio is a major milestone for LPA and a testament to our ability to meet the needs of our international customer base for superior logistics space,\u201d said Esteban Saldarriaga, CEO of LPA. \u201cWe are proud to support and follow our customer\u2019s expansion projects and remain committed to delivering world-class facilities that foster their success.\u201d<\/p>\n<p>\n\u201cThis lease underscores the need for industrial infrastructure and select logistics space in our markets,\u201d added Alvaro Chinchayan, LPA\u2019s Country Manager in Peru. \u201cWe are very pleased to support our tenant\u2019s growth within PLS and to be their preferred real estate partner in the region.\u201d<\/p>\n<p>\nPLS is comprised of six state-of-the-art Class A buildings, totaling 1,519,300 square feet of Gross Leasable Area, all leased in US dollars. The park\u2019s warehouses are located in the submarket of Lima\u2019s Lurin district and provide modern distribution capabilities in a growing urban hub of Peru. PLS flaunts industrial resource efficiency by featuring an advanced grey water treatment and recycling system that reduces water consumption, helping tenants achieve their sustainability goals. PLS has earned two final EDGE certifications from GBCI, with its Building 200 obtaining EDGE Advanced certification for these and other sustainability features.<\/p>\n<p><b>About Logistic Properties of the Americas<\/b><\/p>\n<p>\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 to continue its future growth with strong client relationships, and insight into and through the acquisition and development 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fir.lpamericas.com&amp;esheet=54217310&amp;newsitemid=20250303228213&amp;lan=en-US&amp;anchor=https%3A%2F%2Fir.lpamericas.com&amp;index=1&amp;md5=d0a8123f460ccc633cac9ca480768af0\">https:\/\/ir.lpamericas.com<\/a><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250303228213r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250303228213\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250303228213\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations<\/b><\/p>\n<p><b>Camilo Ulloa<br \/>\n<\/b><br \/>Logistic Properties of the Americas<br \/>\n<br \/>+506 6293 9083<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:camilo@lpamericas.com\">camilo@lpamericas.com<\/a><\/p>\n<p><b>Barbara Cano\/Ivan Peill<br \/>\n<\/b><br \/>InspIR Group<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:barbara@inspirgroup.com\">barbara@inspirgroup.com<\/a> \/ <a rel=\"nofollow\" href=\"mailto:ivan@inspirgroup.com\">ivan@inspirgroup.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Latin America Peru Costa Rica South America Central America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Commercial Building &amp; Real Estate Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250303228213\/en\/2396625\/3\/Logotipo_Abreviado_Horizontal.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Logistic Properties of the Americas Reaches 100% Occupancy in its Operating Portfolio Across Its Platform SAN JOSE, Costa Rica&#8211;(BUSINESS WIRE)&#8211;Logistic Properties of the Americas (NYSE American: LPA) (\u201cLPA\u201d or the \u201cCompany\u201d) announced that its entire operating portfolio achieved 100% occupancy, following the signing of a new lease agreement with a long-standing regional tenant and one of the world&#8217;s leading logistics providers. The new lease covers 71,580 square feet of Gross Leasable Area at Building 400 in Parque Logistico Lima Sur (PLS) in Peru. Our established customer is a prominent logistics provider operating in over 100 countries, and specializing in consumer goods, e-commerce and pharmaceuticals and other key industries. The newly leased space at PLS will support our tenants\u2019 growing operations, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/logistic-properties-of-the-americas-reaches-100-occupancy-in-its-operating-portfolio-across-its-platform\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Logistic Properties of the Americas Reaches 100% Occupancy in its Operating Portfolio Across Its Platform&#8221;<\/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-820454","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Logistic Properties of the Americas Reaches 100% Occupancy in its Operating Portfolio Across Its Platform - 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-reaches-100-occupancy-in-its-operating-portfolio-across-its-platform\/\" \/>\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 Reaches 100% Occupancy in its Operating Portfolio Across Its Platform - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Logistic Properties of the Americas Reaches 100% Occupancy in its Operating Portfolio Across Its Platform SAN JOSE, Costa Rica&#8211;(BUSINESS WIRE)&#8211;Logistic Properties of the Americas (NYSE American: LPA) (\u201cLPA\u201d or the \u201cCompany\u201d) announced that its entire operating portfolio achieved 100% occupancy, following the signing of a new lease agreement with a long-standing regional tenant and one of the world&#8217;s leading logistics providers. The new lease covers 71,580 square feet of Gross Leasable Area at Building 400 in Parque Logistico Lima Sur (PLS) in Peru. Our established customer is a prominent logistics provider operating in over 100 countries, and specializing in consumer goods, e-commerce and pharmaceuticals and other key industries. 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The new lease covers 71,580 square feet of Gross Leasable Area at Building 400 in Parque Logistico Lima Sur (PLS) in Peru. Our established customer is a prominent logistics provider operating in over 100 countries, and specializing in consumer goods, e-commerce and pharmaceuticals and other key industries. 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