ProLogis Leases 189,000SF in Mexico

MONTERREY, Mexico, Aug 12, 2010 /PRNewswire via COMTEX News Network/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today it has signed a third-quarter lease agreement for 189,000 square feet in Mexico to a leading global manufacturer.

The manufacturer will occupy the space at ProLogis Park Apodaca Building One, located in Monterrey, Mexico. This transaction brings ProLogis' Monterrey portfolio to be approximately 92 percent leased.

"We are pleased to sign another significant lease at ProLogis Park Apodaca," said Silvano Solis, ProLogis managing director and head of Mexico operations. "The building amenities and location are suitable for both bulk distribution and light manufacturing/assembly, which have been a draw for new customers."

ProLogis Park Apodaca (top left photo)  is located in the primary industrial corridor in Monterrey, off the Miguel Aleman Highway and less than three miles from General Mariano Escobedo International Airport.

With four existing facilities totaling 822,000 square feet, the park has additional land available to accommodate a total of 16 buildings and 3.4 million square feet at full build out.

Of the 189,000-square-foot transaction, approximately 100,000 square feet was previously unleased since completion of the building.

ProLogis is a leading provider of industrial and distribution space in Mexico 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/.

Contact: Hadas Streit, Account Supervisor, Linden Alschuler & Kaplan, 1251 Avenue of the Americas, New York, NY 10020; 212.329.1406 direct, 201.723.6278 mobile, hstreit@lakpr.com