ProLogis Trust (PLD)

[califax]

ProLogis Leases 222,000 Square Feet in Atlanta

Date : 10/07/2009 @ 7:00AM
Source : PR Newswire
Stock : Prologis (PLD)

http://ih.advfn.com/p.php?pid=nmona&cb=1254915396&article=39792014&symbol=NY^PLD

ProLogis Signs Agreements with Two Customers, Including 107,000 Square Feet of Development Portfolio Space and 115,000 Square Feet of Previously Leased Space -

ATLANTA, Oct. 7 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today ithas leased a total of 222,000 square feet to two customers in Atlanta.

Innotrac Corporation, a leading full-service provider of fulfillment, order processing, and customer care solutions for direct-to-consumer marketers, has signed a third-quarter lease agreement for 115,000 square feet of space at Progress Distribution Center Building One. The facility is located near Highway 316 in Lawrenceville, Georgia, with quick access to Interstate 85 and has been previously leased to other ProLogis customers such as Toys R US and Anderson Merchandisers.

Auto Metal Direct, a provider of automotive sheet metal, has signed a third-quarter lease agreement for 107,000 square feet of newly developed distribution space at Buford Distribution Center Building One. The distribution facility is located off Interstate 985 approximately 37 miles northeast of Atlanta in Buford, Georgia.

"Both Auto Metal Direct and Innotrac Corporation are important ProLogis customers, and we are very pleased to support their distribution space needs in Atlanta," said Rodney Davidson, first vice president and market officer at ProLogis. "While economic conditions are still challenging, signing two new leases for more than 100,000 square feet each is indicative of ProLogis' leading market position and ability to provide well-located, high-quality facilities in the Atlanta area."

ProLogis is the largest owner of industrial distribution space in Atlanta with a portfolio of approximately 19 million square feet. Other ProLogis customers in the area include JVC, Home Depot, LG Electronics, Petco, APL Logistics and Subaru.

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 4,500 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/.

DATASOURCE: ProLogis

CONTACT: Media, Mo Sheahan of ProLogis, [phone],

; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,

[phone], , for ProLogis; or Investors, Melissa

Marsden of ProLogis, [phone],

Web Site: http://www.prologis.com/