Logistic Properties of the Americas (LPA) has agreed to sell five fully leased industrial buildings at Parque Logístico Calle 80 in Bogotá to Bancolombia S.A. for COP 500 billion, equivalent to roughly US$152 million.

The all-cash transaction represents an 8.2% in-place capitalisation rate and comes within roughly 5% of the park’s latest independent appraisal value. Closing is scheduled for early in the fourth quarter of 2026, subject to customary conditions. The deal allows LPA to convert peso-denominated value into U.S. dollar proceeds following a roughly 14% year-to-date appreciation of the Colombian peso against the dollar.

The sold portfolio totals approximately 1.26 million square feet and houses blue-chip multinational tenants. LPA expects net after-tax distributable proceeds of about US$70 million, which it plans to reinvest in growth corridors along Federal Highway 57D between Mexico and the United States.

This transaction marks LPA’s third asset disposition in 2026, following the US$145 million sale of Parque Logístico Lima Sur in Peru and the US$6.6 million sale of Bodegas Aurora in Costa Rica, bringing total sales this year above US$300 million.

“This latest disposition once again demonstrates our ability to effectively develop, manage, optimize, and monetize institutional-grade logistics assets across the entire real estate investment cycle and in multiple geographies,” said Esteban Saldarriaga, Chief Executive Officer of LPA. “Divesting this portfolio will enable us to unlock further value within our cross-border platform and accelerate the shift of our center of mass toward Mexico, our priority growth market.”

Mr. Saldarriaga added, “Colombia remains an important growth market for LPA, where we intend to selectively develop and operate logistics assets. This transaction advances our gradual evolution toward a capital-light model in select geographies through partnerships with institutional investors who recognize the strength of LPA’s brand and its consistent track record of success in the region.”

Following the completion of the sale, LPA will keep pad-ready land capable of supporting 1.08 million square feet of buildable area. LPA will continue as park manager, collecting a facilities management fee equal to 1.5% of rental revenues.

Guillermo Zarco, LPA’s Country Manager for Colombia, said, “Calle 80 has become a premier logistics destination for leading global and regional companies that require mission-critical locations and service excellence. This transaction marks another milestone that reflects the quality of LPA’s real estate product, the depth of our relationships, and the world-class capabilities of our local team.” Mr. Zarco added, “Beyond maintaining Calle 80’s high operating standards and supporting the long-term needs of LPA’s customers in Colombia, we look forward to beginning a new phase of the park’s development to further capitalize on sustained strong demand for modern, strategically located facilities in Bogotá’s key logistics corridor.”