Logistic Properties of the Americas (LPA) Wins $145 Million Sale Approval. Can Mexico Replace Peru Income?
Logistic Properties of the Americas (LPA) received approval to sell its Lima logistics park for $145M. FIBRA Prime will acquire the 1.3M sq ft park, with LPA expecting $85M net proceeds. LPA plans to reinvest in Mexico, aiming to replace the income from Lima Sur, which generated $10.3M in cash NOI. LPA's Q2 revenue grew 26.1% to $14.7M, with 100% portfolio occupancy.




