Logistic Properties of the Americas develops, own, manages, and operates industrial and logistics real estate properties in Costa Rica, Colombia, Peru, and Mexico. The company serves third party logistics, retailer, consumer goods distribution, and others. Logistic Properties of the Americas is based in Miami, Florida.
Logistic Properties of the Americas Announces US$152 Million Sale of Stabilized Assets in Colombia
Logistic Properties of the Americas agreed to sell five fully leased buildings at Parque Logístico Calle 80 in Bogotá — about 1.26 million square feet — to Bancolombia for COP 500 billion (roughly US$152 million) in cash.
Bancolombia is a subsidiary of Grupo Cibest (NYSE: CIB), the FILER; the purchase was struck at an 8.2% in-place cap rate, within about 5% of the park's appraised value.
Closing is expected early in Q4 2026, and LPA will continue managing the park for a fee of 1.5% of rental revenues while retaining land for about 1.08 million square feet of future development.