ProLogis Leases 449,000 Square Feet in Europe

AMSTERDAM, Sept. 15 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today it has signed third-quarter lease agreements in previously unleased space totaling approximately 449,000 square feet (41,700 square meters) with three customers in Europe.

"Our customers in Europe remain focused on improving supply chain efficiencies, which drives the demand for functional, modern distribution space," said Philip Dunne, ProLogis president of Europe. "We are very pleased to announce these new lease agreements in recently developed distribution centers, and are encouraged by the continued signs of stabilization and improvement in the industrial real estate market."

Recent activity included leases with:

    --  A global logistics and freight services company, which will occupy
        273,000 square feet (25,400 square meters) at ProLogis Park Venlo
        Building Three. The building is located in the city of Venlo, the
        Netherlands, near the intersection of the A67 and A73 Motorways that
        connect Rotterdam to Dusseldorf and Arnhem/Nijmegen to Maastricht.
    --  ArchiDoc, a leader in document management outsourcing solutions. The
        company will occupy 116,000 square feet (11,800 square meters) at
        ProLogis Park Chorzow Building Eight, located in Chorzow, Poland, near
        the A4 Motorway that connects Germany with the Ukraine.
    --  Hellmann Worldwide Logistics Polska, a third-party logistics provider.
        One of ProLogis' longstanding customers, the company will occupy 60,000
        square feet (5,800 square meters) at ProLogis Park Chorzow Building
        Nine.

ProLogis is Europe's leading provider of industrial and distribution space with a 128.5-million-square-foot (11.9-million-square-meter) portfolio owned, managed or under development in 13 countries.

About ProLogis

ProLogis is a 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