Logistic Properties of the Americas Signs 121,600 Square Foot Lease with Regional 3PL in Costa Rica
SAN JOSE, Costa Rica, June 09, 2025--(BUSINESS WIRE)--Logistic Properties of the Americas (NYSE American: LPA) ("LPA" or the "Company") 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 (3PL) 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.
LPA believes that this new lease agreement demonstrates its ongoing success in attracting premium logistics and supply chain tenants across its portfolio. "We are pleased to see a reputable operator expanding into LPA Coyol 4 Logistic Park," said Esteban Saldarriaga, CEO of LPA. "The rental increase reflects strong market fundamentals and demonstrates our team's ability to generate value through strategic execution."
Located in the heart of the country's leading logistics corridor, LPA Coyol 4 Logistic Park provides exceptional connectivity to key transportation routes, state-of-the-art Class-A warehouse facilities designed to accommodate high-volume distribution requirements. "Coyol continues to attract top-tier logistics providers," said Luis Conejo, Country Manager for Costa Rica at LPA. "This agreement highlights the strategic importance of our assets' location and our role in strengthening regional supply chain capabilities."
This lease further extends LPA's expanding presence in Latin America and aligns with its mission to offer high-quality logistics spaces that adapt to the evolving requirements of both global and regional operators.
About Logistic Properties of the Americas
Logistic Properties of the Americas is a leading developer, owner, and manager of institutional quality industrial and logistics real estate in high-growth and high-barrier-to-entry markets in Central and South America. LPA's customers are multinational and regional e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies among others. LPA expects to continue its future growth with strong client relationships, and insight into and through the acquisition and development of high-quality, strategically located facilities in its target markets. As of March 31, 2025, LPA's operating and development portfolio comprises 33 logistics facilities in Costa Rica, Colombia and Peru, totaling approximately 536,000 square meters (or approximately 5.8 million sq. ft.) of gross leasable area. For more information visit https://ir.lpamericas.com
Forward-Looking Statements
This press release contains certain forward-looking information, which may not be included in future public filings or investor guidance. The inclusion of forward-looking information in this press release should not be construed as a commitment by LPA to provide guidance on such information in the future. Certain statements in this press release may be considered forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements about future events or LPA's future financial or operating performance. These forward-looking statements regarding future events and the future results of LPA are based on current expectations, estimates, forecasts, and projections about the industry in which LPA operates, as well as the beliefs and assumptions of LPA's management. These forward-looking statements are only predictions and are subject to known and unknown risks, uncertainties, assumptions and other factors beyond LPA's control that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees of future performance. Therefore, LPA's actual results may differ materially and adversely from those expressed or implied in any forward-looking statements and LPA therefore caution against relying on any of these forward-looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by LPA and its management, are inherently uncertain and are inherently subject to risks variability and contingencies, many of which are beyond LPA's control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the possibility of any economic slowdown or downturn in real estate asset values or leasing activity or in the geographic markets where LPA operates; (ii) LPA's ability to manage growth; (iii) LPA's ability to continue to comply with applicable listing standards of NYSE American; (iv) changes in applicable laws, regulations, political and economic developments; (v) the possibility that LPA may be adversely affected by other economic, business and/or competitive factors; (vi) LPA's estimates of expenses and profitability; (vii) the outcome of any legal proceedings that may be instituted against LPA and (viii) other risks and uncertainties set forth in the filings by LPA with the U.S. Securities and Exchange Commission. There may be additional risks that LPA does not presently know or that LPA currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of LPA speak only as of the date they are made. Except as otherwise required by applicable law, LPA disclaims any obligation to publicly update or revise any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. Accordingly, you should not place undue reliance on forward-looking statements due to their inherent uncertainty.
Nothing within this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250609534571/en/
Contacts
Investor Relations ContactsCamilo UlloaLogistic Properties of the Americas+506 6293 9083camilo@lpamericas.com Barbara Cano / Ivan PeillInspIR Groupbarbara@inspirgroup.com / ivan@inspirgroup.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
18 minutes ago
- Business Wire
KBRA Assigns Preliminary Ratings to EFMT 2025-NQM2
NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to seven classes of mortgage pass-through certificates from EFMT 2025-NQM2, a $282.8 million non-prime RMBS transaction. The underlying collateral, comprising 656 residential mortgages, is characterized by a notable concentration of alternative income documentation, with 83.9% of the loans underwritten using bank statements, DSCR, and asset underwriting documentation types. The majority of loans are either classified as non-qualified mortgages (56.9%) or exempt (40.1%) from the Ability-to-Repay/Qualified Mortgage rule due to being originated for non-consumer loan purposes. LendSure Mortgage Corp. (LendSure), an affiliated originator of Ellington Management Group ('Ellington') originated 36.6% of the pool. KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction's payment structure, reviews of key transaction parties and an assessment of the transaction's legal structure and documentation. This analysis is further described in our U.S. RMBS Rating Methodology. To access ratings and relevant documents, click here. Click here to view the report. Related Publications Methodologies Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009865
Yahoo
22 minutes ago
- Yahoo
Cvent Announces General Availability of Cvent Essentials
New solution purpose-built for small, repeatable in-person events empowers event and field marketing teams to scale their programs with speed, consistency, and control Built through extensive feedback and early adopter testing, Cvent Essentials is already driving measurable results—and transforming how teams execute high-volume in-person experiences SAN ANTONIO, June 10, 2025--(BUSINESS WIRE)--Cvent, an industry-leading meetings, events and hospitality technology provider, today announced the general availability of Cvent Essentials, its newest product designed for managing high-volume, simple in-person events. Now available to all Cvent customers, the solution simplifies the planning and execution of smaller, frequent gatherings—like field marketing activations, internal meetings, client trainings, and executive networking experiences—without the complexity or cost of traditional event management tools. The solution is purpose-built to help tenured event professionals set clear guidelines and easy-to-use event templates that anyone within their organization can leverage to plan, market, and execute smaller events with minimal oversight or hands-on support. "Cvent Essentials was built for the often overlooked, but critically important, category of smaller events," said McNeel Keenan, Vice President of Product Management at Cvent. "It helps teams say 'yes' to more event requests without sacrificing brand consistency or data visibility. For many organizations, that means freeing up valuable time and resources to focus on flagship experiences—like annual conferences or major customer events—while still maintaining control and capturing impact from the hundreds of smaller, high-frequency events that often fly under the radar. With Essentials, every event—no matter the size—gets the attention and structure it deserves." Unveiled live at Cvent CONNECT, the company's premier customer and industry conference, Cvent Essentials has already been described by early adopters as a "revolutionary" advancement in their event programs. The tool emerged from a rigorous beta program that included hundreds of users across diverse industries and organization size. Key Capabilities of Cvent Essentials: Radically Simplified Event Creation: Launch on-brand, compliant events in minutes using admin-approved templates—no design or development resources needed. Streamlined Registration & Onsite Experience: Single-page online registration, along with walk-in registration and check-in via the Cvent OnArrival app to eliminate paper sign in sheets and provide valuable insights from reliable attendance data. Built-in Engagement Tools: Live polling, Q&A, and post-event surveys help boost engagement in the room and capture meaningful insights. Real-Time Data & Integrations: Native integration with critical MarTech platforms like Salesforce and HubSpot ensures timely data capture and stronger event ROI tracking. Empowered, Distributed Teams: Unlimited Essentials-only users enable teams across the business to self-manage events within the guardrails defined by admins. Admins leverage a powerful templating system to maintain centralized governance of data collection, data privacy, security, and event design. Responding to Industry Needs Recent industry data shows 58% of organizations plan to increase their volume of small, in-person events in 2025–2026. Yet many teams are constrained by manual workflows, lack of visibility, and inconsistent execution. Cvent Essentials was purpose-built to overcome these challenges, allowing marketers to scale quickly without sacrificing quality or control. What Customers Are Saying "The simplicity of Cvent Essentials is unparalleled. This product is revolutionary."—Event Manager "The events we host are up 40% over last year, but we don't want to turn these engagement opportunities away. We need to redirect some of the events that are coming into our team and alleviate some of that work. Cvent Essentials is critical for that."—Events Manager "Cvent Essentials has helped us with both our big and small events. With Cvent Essentials, I was able to copy over a pre-made template and get an event spun up in ten minutes. It makes my life way better because I don't have to keep an eye on my email every hour."—Brand Engagement Manager "The templates make it almost impossible to mess something up. It's easy, fast, and works perfectly with our system."—Events Technology Manager Cvent Essentials is now available to all Cvent customers. For more information about Cvent Essentials, visit the website here. About Cvent Cvent is a leading meetings, events, and hospitality technology provider with 5,000+ employees and 24,000+ customers worldwide as of December 31, 2024. Founded in 1999, the company delivers a comprehensive event marketing and management platform and offers a global marketplace where event professionals collaborate with venues to create engaging, impactful experiences. Cvent is headquartered in Tysons, Virginia, just outside of Washington D.C., and has additional offices around the world to support its growing global customer base. The comprehensive Cvent event marketing and management platform offers software solutions to event organizers and marketers for online event registration, venue selection, event marketing and management, virtual and onsite solutions, and attendee engagement. Cvent's suite of products automates and simplifies the event management lifecycle and maximizes the impact of in-person, virtual, and hybrid events. Hotels and venues use Cvent's supplier and venue solutions to win more group and corporate travel business through Cvent's sourcing platforms. Cvent solutions optimize the event management value chain and have enabled clients around the world to manage millions of meetings and events. For more information, please visit View source version on Contacts Cvent Media Contact: Erica Stoltenbergestoltenberg@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24 minutes ago
- Yahoo
Scanfil Expands in Northern US by Acquiring ADCO Circuits
DETROIT, June 10, 2025--(BUSINESS WIRE)--Scanfil, Europe's largest public Electronics Manufacturing Service company, is excited to announce the acquisition of 80% of ADCO Circuits Inc. ("ADCO"), a leading Electronics Manufacturing Service company based in the Greater Detroit area, Michigan. This strategic acquisition enhances Scanfil's offering and geographical reach in the USA. Currently, Scanfil operates one electronics and system integration plant in Atlanta, Georgia. ADCO brings substantial expertise in electronics and box build manufacturing with a strong presence in Industrial and Aerospace & Defense markets. ADCO's focus on complex assemblies aligns perfectly with Scanfil's offering. The innovative ADCOproto web based platform delivers fast prototypes to support engineers' development work. It will significantly enhance Scanfil's service portfolio to existing and new customers. "We are thrilled to welcome ADCO and Marc to the Scanfil family. This acquisition allows us to expand our footprint in the USA significantly. Combined with our investments in the Atlanta plant's electronics manufacturing capabilities, we can more than double our turnover in the USA," says Scanfil's CEO Christophe Sut. "ADCO brings two generations of expertise, long-standing customer relationships, skilled employees, and modern manufacturing technology, which will create tremendous synergies with Atlanta operations." ADCO's team of 120 employees along with an advanced manufacturing facility will further enhance Scanfil's production capabilities. Automated inventory management, advanced production and test systems make it an ideal partner for demanding customers. "ADCO is excited to enter a new, long-term phase of growth that partnering with Scanfil allows. We share the same values, and together ADCO is better positioned to seize market opportunities. Customers and employees can expect business as usual, but with additional capabilities and growth opportunities," commented Marc Damman, President of ADCO The closing of the deal is subject to regulatory approval in the USA, which is expected to be granted in Q3 2025. The purchase price for 80% of the shares is USD 15.5 million. Marc Damman, the President of ADCO, will retain 20% of the shares. Scanfil will host an online presentation of the transaction at 8.30 a.m. CDT on 11 June. The online event can be accessed: Scanfil in brief Scanfil plc is Europe's largest listed provider of electronics manufacturing services (EMS), with a turnover of EUR 780 million in 2024. The company serves global sector leaders in the customer segments of Industrial, Energy & Cleantech, and Medtech & Life Science. Scanfil's services include design services, prototype manufacture, design for manufacturability (DFM) services, test development, supply chain and logistics services, circuit board assembly, manufacture of subsystems and components, and complex systems integration services. Scanfil's objective is to grow customer value by improving their competitiveness and by being their primary supply chain partner and long-term manufacturing partner internationally. Scanfil's longest-standing customer account has continued for more than 40 years. The company has global supply capabilities and eleven production facilities across four continents. ADCO Circuits ADCO Circuits, Inc., established in 1981 in Rochester Hills, Michigan, provides electronic design and circuit board assembly services to a wide range of companies in the industrial, medical, automotive, telecommunications, and aerospace/military equipment markets. ADCO is ISO 9001, AS9100D, and IATF16949 certified, and compliant to ISO 13485. As a full-service turnkey supplier of custom electronics, ADCO offers support from design and prototyping to new product introduction and full-rate production. View source version on Contacts For additional information:Christophe Sut, CEO of ScanfilTel. +46 721 51 75 Pasi Hiedanpää, Investor Relations and Communications Director of ScanfilTel. +358 50 378 Sign in to access your portfolio
