ProLogis Leases 750,500 Square Feet to Kimberly-Clark Corporation Near Chicago
CHICAGO, Nov. 11 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, announced today it has leased approximately 750,500 square feet near Chicago to Kimberly-Clark Corporation, a leading global, health and hygiene company.
Kimberly-Clark will occupy the space at ProLogis Park 55, a distribution park located southwest of Chicago in Romeoville, Illinois, off Interstate 55. This transaction marks the third lease agreement between the two companies; Kimberly-Clark now occupies approximately 1.6 million square feet with ProLogis in various locations across North America.
"This is one of the largest lease agreements for ProLogis in the United States this year in previously unleased space," said Doug Kiersey, senior vice president and Midwest regional director for ProLogis. "We are pleased to extend our business relationship with Kimberly-Clark and improve our overall leased percentage in the greater Chicago market to 92 percent."
ProLogis Park 55 is a master-planned industrial park located along Interstate 55 between Weber Road and Route 53 in Romeoville. ProLogis owns and operates six buildings in the industrial park, comprising more than 3.1 million square feet of class A distribution space. Sustainable features at ProLogis Park 55 include an energy efficient lighting system with motion sensors, T5 lights and clerestory lighting.
ProLogis is one of the largest providers of industrial space in the Chicago metro area, with a platform of more than 105 facilities and 23.7 million square feet owned, managed or under development. Additional ProLogis customers in this market include APL Logistics, Anixter, Clorox, Kuehne + Nagel and UPS Supply Chain Services.
Kimberly-Clark is a leading global health and hygiene company employing more than 55,000 people worldwide. Headquartered in Dallas, Texas, with operations in 37 countries, Kimberly-Clark's global brands are sold in more than 150 countries. With well-known family care and personal care brands such as Kleenex, Scott, Andrex, Huggies, Pull-Ups, Kotex, Poise and Depend, the company holds the No. 1 or No. 2 share position globally in more than 80 countries. To keep up with the latest K-C news and to learn more about the company's 136-year history of innovation, visit http://www.kimberly-clark.com.
ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 136 markets across North America, Europe and Asia. The company has $40.8 billion of assets owned, managed and under development, comprising 548 million square feet (51 million square meters) in 2,898 facilities as of September 30, 2008. ProLogis' customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. Headquartered in Denver, Colorado, ProLogis employs over 1,500 people worldwide. For additional information about the company, go to http://www.prologis.com.
Released November 11, 2008