Tuesday, January 12, 2010 2:03:43 PM
Date : 01/12/2010 @ 7:00AM
Source : PR Newswire
Stock : Prologis (PLD)
Quote : 13.73 -0.36 (-2.56%) @ 1:47PM
http://ih.advfn.com/p.php?pid=nmona&article=41067513&symbol=PLD
ProLogis Announces 4.0 Million Square Feet of Fourth Quarter Global Development Portfolio Leasing Activity
- Global Static Development Portfolio Now 68.2 Percent Leased -
DENVER, Jan. 12 /PRNewswire-FirstCall/ --
ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today that its static global development portfolio was 68.2 percent leased as of year-end 2009
"Roughly one year ago, we set a goal to achieve a leased percentage of 60 - 70 percent by year-end 2009 for our development portfolio properties in place as of the end of 2008, or what we have called our static portfolio," said Walt Rakowich, chief executive officer. "We are pleased to have reached the upper end of that goal and are encouraged by continued leasing activity and customer demand. At a time when little development is coming online, ProLogis' best-in-class development inventory provides immediate solutions for our customers' distribution space needs."
ProLogis signed 56 leases in its static development portfolio during the fourth quarter, which increased leased space in this portfolio by approximately 4.0 million square feet (372,000 square meters) in locations worldwide
Recent development portfolio leasing transactions included:
-- Asia: A new, 381,000-square-foot (35,400-square-meter) lease agreement in Japan with Hitachi Transport System, Ltd., a leading third-party logistics provider. Hitachi Transport System will operate the space on behalf of its customer at ProLogis' newly developed facility in the Tokyo market. New development leases in Asia during the fourth quarter totaled 1,130,000 square feet (105,000 square meters)
-- Europe: A new, 237,000-square-foot (22,000-square-meter) lease agreement in the United Kingdom with Biffa, a leading integrated waste management business. Biffa will occupy the space in Building Three at ProLogis Park Midpoint, located in the West Midlands, and will use it as a materials recycling facility for non-hazardous recyclable materials. New development leases in Europe during the fourth quarter totaled 1,937,000 square feet (180,000 square meters)
-- North America: A new, 255,000-square-foot (23,700-square-meter) lease agreement signed in Atlanta with Viega LLC, a manufacturer of plumbing, heating, gas and potable water products. Occupying space at ProLogis Park Greenwood, the customer will use the space as a new distribution hub to serve its customers in the southeastern United States. New development leases in North America during the fourth quarter totaled 877,300 square feet (81,500 square meters)
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, +1-303-567-5434, , or
investors, Melissa Marsden, +1-303-567-5622, , both of
ProLogis; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, , for ProLogis
Web Site: http://www.prologis.com/
Recent PLD News
- Prologis Releases Inaugural Supply Chain Intelligence Report • PR Newswire (US) • 10/01/2024 04:00:00 PM
- Prologis' U.S. Logistics Fund: 20 Years of High-Performing Logistics Assets • PR Newswire (US) • 09/30/2024 09:00:00 PM
- Prologis to Announce Third Quarter 2024 Results October 16 • PR Newswire (US) • 09/26/2024 09:00:00 PM
- Prologis to Participate in BofA Securities 2024 Global Real Estate Conference • PR Newswire (US) • 09/05/2024 09:00:00 PM
- Prologis Declares Quarterly Dividend • PR Newswire (US) • 09/03/2024 11:11:00 PM
- /C O R R E C T I O N -- Prologis, Inc./ • PR Newswire (US) • 08/19/2024 01:50:00 PM
- TED ELIOPOULUS JOINS PROLOGIS AS SENIOR PRIVATE INVESTMENT EXECUTIVE • PR Newswire (US) • 08/19/2024 01:00:00 PM
- FIBRA PROLOGIS SECURES MAJORITY OWNER POSITION OF TERRAFINA; MAKES SIGNIFICANT COMMITMENT TO MEXICAN INDUSTRIAL MARKET • PR Newswire (US) • 08/06/2024 10:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/26/2024 08:05:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/23/2024 10:01:51 AM
- TSMC Net Profit Hits $7.6B; Nokia Sees 32% Decline in Operating Profit; Novartis Boosts Outlook After Profit Surge • IH Market News • 07/18/2024 09:53:54 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 12:05:29 PM
- Prologis Reports Second Quarter Results • PR Newswire (US) • 07/17/2024 12:00:00 PM
- Tech-Led Decline in U.S. Index Futures Pre-Market, Oil Prices Steady After U.S. Inventory Drop • IH Market News • 07/17/2024 10:30:52 AM
- Prologis to Announce Second Quarter 2024 Results July 17 • PR Newswire (US) • 06/27/2024 09:00:00 PM
- Prologis to Participate in Industry Conferences in New York City • PR Newswire (US) • 05/28/2024 09:30:00 PM
- PERFORMANCE TEAM - A MAERSK COMPANY & PROLOGIS LAUNCH NEW EV TRUCK CHARGING DEPOT, POWERED BY NATION'S LARGEST EV TRUCK MICROGRID • PR Newswire (US) • 05/23/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/22/2024 01:00:59 PM
- PROLOGIS' NEKRITZ AND MCKEOWN TO RETIRE; NEW CLO AND CHRO ANNOUNCED • PR Newswire (US) • 05/22/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 08:01:09 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 09:00:08 PM
- Prologis Declares Quarterly Dividend • PR Newswire (US) • 05/09/2024 08:30:00 PM
- Prologis Reports First Quarter Results • PR Newswire (US) • 04/17/2024 12:00:00 PM
- US Index Futures See Gains, Oil Prices Dip • IH Market News • 04/17/2024 10:59:02 AM
- Prologis to Host Virtual 2024 Stockholders Meeting May 9 • PR Newswire (US) • 04/01/2024 01:00:00 PM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM
Unitronix Corp Unveils Cryptocurrency Investment Portfolio Strategy • UTRX • Oct 2, 2024 8:40 AM
Integrated Ventures, Inc Reports Total 2024 Revenues Of $5,863,935 vs $3,862,849 for 2023. • INTV • Oct 1, 2024 9:00 AM
Nightfood Signs Letter of Intent to Acquire Los Angeles Cooking School, Integrating Automation and Robotics with World-Class Culinary Training • NGTF • Oct 1, 2024 8:30 AM
ZenaTech, Inc. (NASDAQ: ZENA) To Commence Trading Today • COOP • Oct 1, 2024 7:00 AM
Element79 Gold Corp secures loi for launching tailings reprocessing business in Arequipa, Peru • ELMGF • Oct 1, 2024 6:38 AM