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

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, including Nestlé, Procter & Gamble and PepsiCo. The company is widely recognized for its strong market position and solid credit profile in Peru’s industrial and packaging sector, both of which align with LPA’s disciplined tenant selection and underwriting criteria.

“Achieving full pre-leasing on a 215,600-square-foot facility prior to construction is a strong validation of LPA’s regional development platform and our disciplined, capital efficient growth strategy,” said Esteban Saldarriaga, Chief Executive Officer of Logistic Properties of the Americas. “This transaction reflects our ability to secure high-quality tenants and deliver resilient, income-generating assets in select locations that have high barriers to entry in key growth markets in Latin America.”

Álvaro Chinchayán, Country Manager of LPA Peru, added: “This lease further reinforces Parque Logístico Callao’s position as a critical logistics hub of the Lima–Callao region, given the seamless connectivity it provides to the Port of Callao and Jorge Chávez International Airport, which together serve Lima’s 11 million residents. We are pleased to advance this next phase of the park’s development with a fully leased facility purpose-built to the needs of a leading industrial company.”

With the additions of Building 400 and Building 200, which is scheduled for completion in first-half 2026, Parque Logístico Callao will comprise four state-of-the-art Class A buildings totaling 863,000 square feet of gross leasable area. The new lease strengthens the park’s position as a premier logistics destination in Peru and underscores LPA’s continued focus on delivering high-quality facilities that support the expansion of best-in-class industrial tenants operating in Costa Rica, Colombia, Peru and Mexico.