Lexmark Cebu announces new venture, leases LP3 building

THE Lexmark Research and Development Corp. (Lexmark Cebu) recently announced a leasing agreement with two companies for its eight-storey Lexmark Plaza 3 (LP3) building located in Cebu Business Park.Herbalife, a global leader in meal replacements, nutritional supplements and skincare products, leased 135.94 square meters within the LP3 ground floor. With a lease term of three years, Lexmark handed over the space on Aug. 27, 2021.On Feb. 2, 2022, Lexmark turned over the 325.45 square-meter area within the LP3 third floor to Beautiful Horizons, a direct selling company that offers a wide array of products from cosmetics, personal care and skin whitening to kids and baby care and fine fragrances. With a five-year lease term, the interiors are expected to be finished in March 2022, with a target date to occupy in April.The building is a Peza-accredited space with semi-fitted floors. It is accessible 24/7.The current available spaces for lease are:o Ground Floor – cut spaceso 2nd Flooro 3rd Floor – cut spaceso 4th floor to 8th floorThis development boosts LP3’s potential as the leasing business could become a core business activity for Lexmark Cebu, with the ground floor currently designated for retail space and the upper floors for office space.This enables Lexmark to serve the community by boosting the economy through offering spaces for businesses that in turn will create jobs.Those who are interested to lease LP3 can contact:o Lexmark Contact: Greg Baguioro – 09498864885o CBRE Partners: Vanessa Salvador – 09171432605 SPONSORED CONTENT