ProLogis Leases 127,000 Square Feet in Poland

WARSAW, Poland, Nov. 15, 2010 /PRNewswire/ -- ProLogis (NYSE: PLD), the leading global provider of distribution facilities, announced today it signed a fourth-quarter lease agreement with in Poland for 127,000 square feet (11,800 square meters).

An existing ProLogis customer will occupy the space at ProLogis Park Sochaczew Building Three in Sochaczew, Poland. Of the 127,000-square-foot (11,800-square-meters) space, 98,000 square feet (9,100 square meters) was previously unleased.

"We are pleased to announce that, with this transaction, ProLogis Park Sochaczew is 96 percent leased," said Philip Dunne, ProLogis president of Europe. "The distribution park is in a prime location and it has been popular with our customers as they streamline their distribution networks in Poland."

ProLogis Park Sochaczew is a six-building, 1.1-million-square-foot (101,200-square-meter) distribution park, located approximately 31 miles (50 kilometers) from the Warsaw city center.

ProLogis is the leading provider of distribution space in Poland with a portfolio totaling approximately 22.8 million square feet (2.12 million square meters). Additional customers in the country include Coca-Cola, DHL, Johnson & Johnson, Kuehne + Nagel, LG Electronics, L'Oreal and NYK Logistics.

About ProLogis

ProLogis is the leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,400 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.

Follow ProLogis on Twitter: http://twitter.com/ProLogis.

SOURCE ProLogis