ExpansionMay 21, 2026, 08:42 AM
LPA Expands Scharf Lease at Callao; Double-Digit Rent Growth
AI Summary
Logistic Properties of the Americas (LPA) announced an expansion of its existing lease agreement with Scharf Logística Integrada S.A. at Parque Logístico Callao in Lima, Peru. Scharf will lease an additional 38,438 square feet at Building 100, with the expanded lease commencing on June 1, 2026. This agreement includes a double-digit rental rate increase, reflecting strong demand for high-quality logistics facilities in the supply-constrained Lima submarket and LPA's ability to capture embedded rental growth.
Key Highlights
- LPA expanded its existing lease agreement with Scharf Logística Integrada S.A.
- Scharf will lease an additional 38,438 square feet at Building 100 within Parque Logístico Callao.
- The expanded lease is scheduled to commence on June 1, 2026.
- The lease expansion includes a double-digit rental rate increase over the prior lease.
- Parque Logístico Callao is located adjacent to Jorge Chávez International Airport in Lima, Peru.
- Scharf, a 3PL provider, will use the additional space for auto parts distribution operations.
Price Impact
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