India, June 9 -- Logistic Properties of the Americas (LPA) has signed a new five-year U.S. dollar-denominated lease for 121,600 square feet at its LPA Coyol 4 Logistic Park in San Jose, Costa Rica.
The lease is with a regional third-party logistics (3PL) provider and reflects a 20% increase in net effective rent, including maintenance fees, over the previous lease for the same space.
The company emphasized that this deal illustrates the rising demand and value of institutional-grade logistics facilities in Costa Rica. CEO Esteban Saldarriaga highlighted the expansion of a reputable operator into Coyol 4 as a testament to strong market fundamentals and the firm's strategic execution capabilities.
Luis Conejo, Country Manager for Costa Ric...