LPA Expands Partnership with U.S. Membership Warehouse Operator Through 15-Year Lease in Colombia
Logistic Properties of the Americas (NYSE American: LPA), a prominent developer, owner, and manager of Class A industrial and logistics real estate across Latin America, has announced a significant milestone in its regional expansion strategy. The company has signed a new 15-year lease agreement with a leading U.S.-based membership warehouse club operator, further strengthening a relationship that began in Costa Rica and now extends into Colombia. This partnership reflects LPA’s growing role as a trusted logistics real estate partner for multinational clients seeking to expand in Latin America’s fast-evolving markets.
The lease covers approximately 97,250 square feet in Building 300 at Parque Logístico Calle 80, one of Bogotá’s premier logistics parks. Located within the city’s most strategic and modern logistics corridor, the park provides exceptional access to major transportation routes and urban markets. With this new lease, Parque Logístico Calle 80 reaches full occupancy, positioning LPA as a market leader in Colombia’s industrial real estate sector. The fully leased status of the park underscores the strong demand for high-quality logistics facilities in the country, driven by limited new supply, an improving macroeconomic outlook, and the ongoing growth of the retail and e-commerce sectors.
LPA highlighted that the lease terms align with current market rates and reflect the robust fundamentals of Colombia’s logistics market. Over the past two years, the country has seen minimal new development in Class A industrial spaces, resulting in tight vacancy levels and increasing rents. This has benefited well-located, modern parks such as Parque Logístico Calle 80. The company also noted that Bogotá, home to more than 11 million people, continues to serve as a critical logistics and distribution hub for domestic and regional supply chains.
Guillermo Zarco, Country Manager for LPA Colombia, emphasized the significance of the partnership:
“This agreement reflects the continued trust of one of our most established regional clients and their confidence in LPA’s reputation for delivering best-in-class logistics solutions. Their expansion in Colombia alongside LPA emphasizes the strategic importance of Parque Logístico Calle 80 within the broader supply chain network. It also highlights how global retailers view Colombia as a high-potential market for long-term growth.”
From a corporate perspective, the agreement demonstrates LPA’s ability to foster enduring relationships with major multinational clients across Latin America. The new lease not only expands the company’s footprint in Colombia but also strengthens its regional business model—one centered on providing integrated logistics solutions across multiple countries.
Esteban Saldarriaga, Chief Executive Officer of LPA, noted:
“This strengthened, direct client relationship highlights the importance of long-term regional partnerships. Our collaborations with leading global operators showcase LPA’s ability to anticipate clients’ evolving needs and deliver institutional-quality facilities that support their operational growth. Through our regional platform, we enable clients to expand efficiently across diverse markets while maintaining consistency in quality, service, and performance.”
The leased facility at Parque Logístico Calle 80 will serve as a modern logistics hub for the client’s operations throughout Colombia. Designed to support large-scale distribution and retail activities, the building offers advanced infrastructure, energy-efficient systems, and flexible layouts tailored for high-volume storage and fulfillment. The site’s connectivity to Bogotá’s major highways and proximity to urban consumers make it an ideal base for both domestic and regional logistics operations.
For LPA, this agreement represents more than a single transaction—it aligns with its broader corporate strategy of partnering with high-quality, multinational tenants to ensure portfolio stability and sustainable value creation. By cultivating long-term client relationships and securing extended lease terms, the company continues to strengthen its cash flow visibility and operational resilience. The lease also reaffirms investor confidence in LPA’s business model and its ability to capture growth opportunities in key Latin American logistics corridors.
As e-commerce, retail distribution, and supply chain modernization continue to accelerate across Latin America, LPA’s strategic assets in high-demand markets such as Costa Rica, Colombia, and Peru are increasingly positioned at the center of regional trade and logistics activity. The company’s focus on institutional-grade facilities—characterized by modern design, sustainability, and operational efficiency—has differentiated it in a competitive market and attracted some of the world’s largest retailers and logistics operators.
About Logistic Properties of the Americas
Logistic Properties of the Americas (LPA) is a leading developer, owner, and manager of institutional-quality industrial and logistics real estate across key markets in Central and South America. The company focuses on high-growth, high-barrier-to-entry locations that offer long-term value and strategic advantage for global tenants. Its diverse client base includes multinational and regional e-commerce retailers, third-party logistics providers, business-to-business distributors, and retail distribution companies.
As of June 30, 2025, LPA’s operating and development portfolio comprised 33 logistics facilities located across Costa Rica, Colombia, and Peru, totaling approximately 536,000 square meters—or about 5.8 million square feet—of gross leasable area. This portfolio underscores the company’s strong presence in Latin America’s industrial real estate sector and its ability to execute projects that meet the complex needs of modern supply chains.
LPA plans to continue its growth through a combination of strategic acquisitions, new developments, and deepening relationships with global and regional clients. By combining on-the-ground expertise with a regional platform approach, the company remains well positioned to deliver high-quality logistics solutions that drive long-term value for investors, tenants, and communities throughout Latin America.
