SAN JOSE, Costa Rica,
Dec. 14, 2016 /PRNewswire/ -- LatAm Logistic Properties
("LLP") is pleased to announce a build-to-suit lease transaction
with a global logistics Fortune 500 company for 12,200 square
meters (131,000 square feet). In addition, LLP signed two pre-lease
agreements with The Kraft Heinz Company (NasdaqGS: KHC), a major
global food and beverage company, and another leading consumer
goods company for a combined 5,100 square meters (55,000 square
feet).
The three leases are at LatAm Parque Logistico Coyol, a top tier
Costa Rican warehouse facility located on the Coyol Highway and in
close proximity to the San Jose International Airport.
The unique location is well connected to the local consumer
population as well as the Pacific and Atlantic ports. LatAm
Parque Logistico Coyol can accommodate a total of 65,000 square
meters (700,000 square feet) of prime facilities with efficient
layouts and clearing height that maximize storage volume.
Mike Fangman, Founder and CEO of
LatAm Logistic Properties, said: "We are very excited to sign these
new leases. Domestic consumption is strong and we continue to see
demand for our modern logistics facilities as companies seek to
consolidate their operations to achieve greater efficiency and
lower operational costs. LLP's high-quality facilities in premium
locations meet customers' demand for higher logistics efficiency.
We look forward to supporting our customers as they continue to
expand across the region."
"The high quality of our project combined with our strategic
location and accessibility has been met with high demand from the
market, as evidenced by these deals with top companies," mentioned
Aris Stamatiadis, Costa Rica Country
Manager of LatAm Logistic Properties.
About LatAm Logistic Properties
LatAm Logistic Properties develops, acquires and owns Class-A
industrial properties in the target markets of Costa
Rica, Colombia, Peru, and Panama. LatAm Logistic
Properties was founded in 2013 by Mike Fangman and Jaguar
Growth Partners joined as an investor and strategic partner in
2015. LatAm leverages its team throughout the region via a deep
understanding of global customer demands, international best
practices in design specifications and construction best practices
along with local expertise in market dynamics, site selection and
regulatory approvals.
Please see www.latamlogisticproperties.com for additional
information.
About Jaguar
Jaguar Growth Partners is a privately-held investment
management firm specializing in real estate private equity in
growth markets globally. Founded in 2013 by Gary Garrabrant and Thomas McDonald, Jaguar invests in and develops
scalable real estate-related operating platforms and companies
poised to grow in markets characterized by an expanding middle
class, aspirational youth, urbanization and other secular trends
found in emerging global economies.
Please see www.jaguargrowth.com for additional
information.
CONTACT: Zach Kouwe,
551-655-4032, zkouwe@dlpr.com
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SOURCE LatAm Logistic Properties