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Stock impact report

LPA Secures Anchor Tenant and Breaks Ground on Fully Pre-Leased Building 400 at Parque Logístico Callao in Peru

Logistic Properties of the Americas Ordinary Shares (LPA) 
Company Research Source: Business Wire
SAN JOSÉ, Costa Rica--(BUSINESS WIRE)--Logistic Properties of the Americas (NYSE American: LPA) (together with its subsidiaries, "LPA" or the "Company"), announced today the execution of a long-term lease with a major regional packaging company that will be an anchor tenant for Building 400, the construction of which has begun at Parque Logístico Callao, one of Peru’s most strategically located logistics parks.Building 400 will have approximately 215,600 square feet of gross leasable area and was 100% pre-leased prior to groundbreaking, fully de-risking its development. The 10-year U.S. dollar-denominated lease covers the entire building and reflects sustained demand for modern, institutional-grade logistics facilities within the economically vibrant Lima–Callao industrial corridor.LPA’s new tenant is a subsidiary of one of Colombia’s leading industrial groups, with more than 28 years of operating history and a diversified portfolio of domestic and international customers, includi Show less Read more
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