Logistic Properties Of The Americas Enters Into $200M Forward Purchase Agreement For Central Park 57 Assets

Logistic Properties of the Americas (NYSE: LPA) (together with its subsidiaries, "LPA" or the "Company"),announced today that it has entered into a forward purchase agreement for a portfolio of Class A industrial

Logistic Properties of the Americas (NYSE:LPA) (together with its subsidiaries, "LPA" or the "Company"),announced today that it has entered into a forward purchase agreement for a portfolio of Class A industrial properties strategically located in Tepeji del Río, State of Hidalgo, Mexico.

The transaction was executed through a Master Agreement, representing an approximately US$200 million investment, pursuant to which LPA will progressively acquire stabilized industrial assets within Central Park 57, a large‑scale industrial and logistics park strategically located along the Mexico–Querétaro Highway (Federal Highway 57), a key logistics corridor. The asset is being developed and sponsored by Mexico City-based Fortem Capital, the institutional owner and master developer of Central Park 57, the first operating building of which is pending stabilization of approximately 153,400 square feet.