SAN FRANCISCO, March 29,
2012/PRNewswire/ -- Prologis, Inc., the leading
global owner, operator and developer of industrial real
estate, today announced that in March 2012it
signed two new lease agreements totaling 303,080 square
feet (28,200 square meters) in Japan:
-
203,449 square feet (18,900 square meters) to a major
Japanese third-party logistics firm at Prologis Park
Osaka 1 in OsakaCity. With this agreement,
the 405,000 square foot (37,630 square meters) facility
is now fully leased; and
-
99,631 square feet (9,300 square meters) to a major
Japanese third-party logistics firm at Prologis Park
Kitanagoya in the Nagoyamarket. With this
agreement, the 460,000 square foot (42,800 square meters)
facility is now fully leased.
"Both of these leases are significant in terms of size
and the fact that they each bring the respective facilities
to 100 percent occupancy," said Mike
Yamada, president of Prologis Japan. "We are
pleased to be able to accommodate both companies'
requirements with available space in our portfolio. We
continue to see strong interest in our modern, high-quality
buildings in Japan."
Prologis is one of the leading providers of industrial real
estate in Asia, with approximately 21 million
square feet (2 million square meters) of logistics and
distribution space in Japanas of
December 31, 2011. The company's
development portfolio accounts for approximately 2.9
million square feet (270,000 square meters).
About Prologis
Prologis, Inc. is the leading owner, operator and developer
of industrial real estate, focused on global and regional
markets across the Americas, Europeand
Asia. As of December 31, 2011,
Prologis owned or had investments in, on a consolidated
basis or through unconsolidated joint ventures, properties
and development projects expected to total approximately
55.7 million square metres (600 million square feet) in 22
countries. The company leases modern distribution
facilities to more than 4,500 customers, including
manufacturers, retailers, transportation companies,
third-party logistics providers and other enterprises.
SOURCE Prologis, Inc.
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