Logistic Properties of the Americas to Sell Lima Park for $145 Million

The sale of the Parque Logístico Lima Sur, a 1.3-million-square-foot facility in the Lurín submarket, is expected to yield $85 million in net proceeds once debt obligations are cleared. Despite the divestment, the company will maintain its operational role, managing tenant relationships and service delivery on behalf of the new owner, Fibra Prime.

Management cited a strategic shift toward the Mexican market, where robust demand from the e-commerce sector and the ongoing nearshoring trend offer higher returns. The developer plans to deploy the full $85 million into its Mexican project pipeline over the next 12 to 18 months, betting that domestic consumption will sustain long-term growth in the region.