PriceSmart to create regional logistics base in Costa Rica

LatAm Logistic Properties, a leading operator, and developer of logistic properties in Costa Rica, Colombia, and Peru announced it has signed a new build-to-suit lease agreement with PriceSmart, the largest operator of U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean, for a 16,000-square meter regional distribution facility in Costa Rica.

The new facility, which will support PriceSmart’s sales growth, will be located in Alajuela, Costa Rica at LatAm Parque Logistico Coyol.

Source: Costa Rica News