Logistic Properties of the Americas announced that its entire operating portfolio has achieved 100% occupancy. This milestone follows the signing of a new lease agreement for 71,580 square feet of Gross Leasable Area at Building 400 in Parque Logistico Lima Sur (PLS) in Peru. The agreement was made with a long-standing regional tenant, a leading global logistics provider.
This achievement signifies strong demand for LPA's institutional-quality logistics real estate across its platform. Full occupancy maximizes the revenue generation potential from the company's existing assets. It also reflects effective asset management and strong tenant relationships.
The company's ability to secure full occupancy underscores the value of its strategically located properties in high-growth markets. This operational success is expected to contribute positively to LPA's financial performance.
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