Logistic Properties of the Americas announced the signing of a USD-denominated lease for 41,226 square feet of gross leasable area (GLA) at Parque Logístico Callao in Lima, Peru. The agreement was made with a leading third-party logistics provider serving the pharmaceutical, medical device, and consumer goods sectors. This lease significantly advances the occupancy of the park.
This new agreement increases the leasing of Parque Logístico Callao to 85.9% of the 418,543 square feet of GLA currently under construction. This solidifies the park's position as a premier logistics hub in Lima, a market with limited supply of premium, strategically located industrial and logistics facilities.
When completed, Parque Logístico Callao will comprise four modern, sustainable buildings totaling nearly 1,044,432 square feet of GLA. CEO Esteban Saldarriaga noted that achieving this leasing speed reflects strong demand for premium logistics space in Callao, Peru’s most dynamic logistics submarket.
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