San Jose, Costa Rica, November 1, 2016 /PRNewswire/ —
LatAm Logistic Properties (“LLP”) is pleased to announce a new pre-lease agreement totaling 8,500 square meters (91,500 square feet) with Mabe in San Jose, Costa Rica. Mabe is a leading global white goods company that designs, produces, and distributes appliances to more than 70 countries around the world.
The lease is at LatAm Parque Logistico Coyol, a top tier warehouse facility located in close proximity (less than 10 minutes) to the San Jose International Airport and on the important Coyol Highway. The location benefits from excellent connectivity to the local consumer population as well as the Pacific and Atlantic ports. In a unique offering, LatAm Parque Logistico Coyol will accommodate 65,000 Square Meters (700,000 Square Feet) of prime facilities with efficient layouts and clearing height that maximize storage volume.
“We’re pleased to initiate our partnership with industry leader Mabe, a relationship we see continuing to develop as Mabe grows regionally in countries and cities where LLP has an established market presence,” said Mike Fangman, Founder & CEO of LatAm Logistic Properties. “Our modern Class-A facilities allow us to serve global companies that import/export goods internationally and distribute products to the region in a more cost-effective way.”
“Costa Rica is a key regional market for Mabe and we have a successful history in the region,” said Ivan Zepeda, Regional Head for Central America & Caribbean for the company.” With modern warehouse facilities offered by LatAm Logistic Properties, we have further strengthened our supply chain capabilities that directly benefits our customers.”
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.
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.