Logistic Properties of the Americas (LPA) announced the execution of a new five-year U.S. dollar- denominated lease for 121,600 square feet of logistic space with a regional third-party logistics provider at LPA Coyol 4 Logistic Park in San Jose, Costa Rica. This new agreement reflects approximately a 20% increase in the net effective rental rate, including common area maintenance fees, compared to the previous lease for the same space, which underscores the high demand and increasing value of institutional-grade logistics properties in Costa Rica.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LPA:
- Logistic Properties of the Americas Considers Public Offering
- Logistic Properties of the Americas Partners with EPICO for Central American Expansion
- Logistic Properties of the Americas Reports Strong Q1 2025 Growth
- Logistic Properties of the Americas Reports Q1 2025 Financial Turnaround
- Logistic Properties of the Americas Reports Strong Q1 2025 Growth and Expansion Plans
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue