ProLogis Leases 168,000 Square Feet of Its Development Portfolio in Mexico
-- Company Signs New Agreements With Three Customers in Monterrey and Reynosa --
DENVER, March 18 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today it has signed lease agreements totaling approximately 168,000 square feet to three customers in Mexico.
"We are pleased to announce these first-quarter transactions," said Silvano Solis, ProLogis managing director and head of Mexico operations. "Even in a challenging market, ProLogis has remained the market leader in Mexico with a best-in-class portfolio of well-located facilities and key customer relationships. We continue to see signs of stabilization and improvement in the industrial property markets, and have recently experienced increased customer interest."
Recent activity included leases with:
-- Steelcase Inc., the global leader in the office furniture industry, in Reynosa. The company has expanded its current lease of 56,000 square feet to occupy an additional 108,000 square feet at ProLogis Park Pharr Bridge Building Eight, located near the Reynosa International Airport. -- MarkIV AIS Mexico, a manufacturer of highly engineered systems and components for the worldwide automotive and heavy duty OEM market, automotive aftermarket and transportation markets. The company will occupy 40,000 square feet at ProLogis Park Apodaca in Monterrey. -- A manufacturer and distributor of paper products in Reynosa. The company has expanded its current lease of 42,000 square feet to occupy an additional 20,000 square feet at El Puente Industrial Center.
ProLogis is Mexico's leading provider of industrial and distribution space with an 18.6-million-square-foot portfolio in 11 markets throughout the country. Additional ProLogis customers in Mexico include Bose Corporation, Black & Decker and Whirlpool.
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.
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Released March 18, 2010