ProLogis Signs 1.2 Million Square Feet of New Leases Globally
- Company Signs Agreements With Four Customers In Japan, Poland, Slovakia and the United States -
DENVER, March 1, 2011 /PRNewswire/ -- ProLogis (NYSE: PLD), the leading global provider of distribution facilities, announced today it signed first-quarter leases in previously unleased space totaling approximately 1.2 million square feet (113,800 square meters).
"We are increasingly optimistic about the recovery in the global industrial real estate market," said Gary Anderson, ProLogis head of global operations. "Customer confidence continues to improve, and with a prolonged absence of new supply, our high-quality, well-located portfolio of distribution space continues to meet the needs of our customers worldwide. Together, these new leases represent a great start to 2011 leasing activity."
Recent leases were signed in:
-- Nagoya, Japan, where ProLogis signed a 620,000-square-foot (57,600-square-meter) agreement with one of its largest global customers. The customer will occupy the space at ProLogis Parc Centrair, a 645,000-square-foot (59,900-square-meter) distribution center, bringing the building to 100 percent leased. -- Dallas, Texas, United States, where ProLogis signed a 394,000-square-foot (36,600-square-meter) agreement with a large food manufacturer. The customer will occupy the space at ProLogis Park 20/35, located in south Dallas near the intersection of Interstate 20 and Highway 35. -- Chorzow, Poland, where ProLogis signed a 121,000-square-foot (11,300-square-meter) agreement with a tire wholesaler. The customer will occupy the space at ProLogis Park Chorzow, located near Poland's A4 Motorway. -- Bratislava, Slovakia, where ProLogis signed a 90,000-square-foot (8,400-square-meter) agreement with a leading global electronics manufacturer. The customer will occupy the space at ProLogis Park Galanta-Gan, located near the D1 Highway.
ProLogis is the leading global provider of distribution facilities, with more than 435 million square feet (40 million square meters) of industrial space owned and managed in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 3,800 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com.
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Released March 1, 2011